Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Short Interest Update

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 2,600 shares, a growth of 136.4% from the November 15th total of 1,100 shares. Based on an average trading volume of 23,800 shares, the days-to-cover ratio is currently 0.1 days.

Allspring Utilities and High Income Fund Stock Up 0.4 %

Shares of Allspring Utilities and High Income Fund stock traded up $0.04 during trading on Friday, reaching $10.74. The company’s stock had a trading volume of 13,604 shares, compared to its average volume of 26,115. Allspring Utilities and High Income Fund has a fifty-two week low of $8.73 and a fifty-two week high of $11.36.

Allspring Utilities and High Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be issued a $0.0741 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 8.28%. This is a boost from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.06. The ex-dividend date is Thursday, December 12th.

Hedge Funds Weigh In On Allspring Utilities and High Income Fund

Institutional investors have recently modified their holdings of the business. Wolverine Asset Management LLC increased its stake in Allspring Utilities and High Income Fund by 157.1% in the 3rd quarter. Wolverine Asset Management LLC now owns 82,320 shares of the company’s stock valued at $919,000 after buying an additional 50,307 shares during the period. Sanctuary Advisors LLC acquired a new position in Allspring Utilities and High Income Fund in the 2nd quarter valued at $92,000. Finally, Logan Stone Capital LLC acquired a new position in Allspring Utilities and High Income Fund in the 2nd quarter valued at $375,000.

About Allspring Utilities and High Income Fund

Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is co-managed 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.