Wells Fargo Advantage Utilities and High Income Fund (NYSEAMERICAN:ERH) Short Interest Update

Wells Fargo Advantage Utilities and High Income Fund (NYSEAMERICAN:ERH) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 8,600 shares, a drop of 56.3% from the September 15th total of 19,700 shares. Based on an average daily volume of 19,200 shares, the days-to-cover ratio is presently 0.4 days.

ERH stock traded up $0.24 during trading on Thursday, reaching $14.31. 5 shares of the company traded hands, compared to its average volume of 20,526. Wells Fargo Advantage Utilities and High Income Fund has a 12 month low of $11.89 and a 12 month high of $15.23.

The firm also recently declared a monthly dividend, which will be paid on Monday, November 1st. Shareholders of record on Wednesday, October 13th will be issued a $0.0737 dividend. This represents a $0.88 annualized dividend and a yield of 6.18%. The ex-dividend date of this dividend is Tuesday, October 12th. This is an increase from Wells Fargo Advantage Utilities and High Income Fund’s previous monthly dividend of $0.07.

Hedge funds and other institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. boosted its holdings in Wells Fargo Advantage Utilities and High Income Fund by 11.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 16,358 shares of the company’s stock worth $235,000 after acquiring an additional 1,655 shares in the last quarter. UBS Group AG boosted its holdings in Wells Fargo Advantage Utilities and High Income Fund by 5.5% in the first quarter. UBS Group AG now owns 59,445 shares of the company’s stock worth $771,000 after acquiring an additional 3,123 shares in the last quarter. Finally, Bridge Advisory LLC boosted its holdings in Wells Fargo Advantage Utilities and High Income Fund by 8.0% in the second quarter. Bridge Advisory LLC now owns 145,073 shares of the company’s stock worth $2,086,000 after acquiring an additional 10,791 shares in the last quarter.

Wells Fargo Advantage Utilities and High Income Fund Company Profile

Wells Fargo Advantage Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is sub advised by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States.

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