Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Short Interest Down 36.5% in February

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 4,000 shares, a decline of 36.5% from the February 13th total of 6,300 shares. Based on an average daily trading volume, of 32,300 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Allspring Utilities and High Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Saba Capital Management L.P. lifted its position in shares of Allspring Utilities and High Income Fund by 36.2% during the 4th quarter. Saba Capital Management L.P. now owns 374,129 shares of the company’s stock worth $4,011,000 after buying an additional 99,408 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in Allspring Utilities and High Income Fund by 159.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 70,900 shares of the company’s stock worth $760,000 after acquiring an additional 43,571 shares in the last quarter. Zimmer Partners LP bought a new position in shares of Allspring Utilities and High Income Fund in the fourth quarter worth about $562,000. Level Four Advisory Services LLC boosted its stake in shares of Allspring Utilities and High Income Fund by 36.6% in the 4th quarter. Level Four Advisory Services LLC now owns 15,865 shares of the company’s stock valued at $170,000 after purchasing an additional 4,252 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Allspring Utilities and High Income Fund in the 4th quarter valued at approximately $110,000.

Allspring Utilities and High Income Fund Stock Performance

Shares of ERH traded up $0.04 during trading hours on Friday, hitting $10.83. 26,733 shares of the company were exchanged, compared to its average volume of 28,309. Allspring Utilities and High Income Fund has a fifty-two week low of $8.75 and a fifty-two week high of $11.44. The business’s fifty day simple moving average is $10.95.

Allspring Utilities and High Income Fund Dividend Announcement

The company also recently announced a — dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a $0.0772 dividend. This represents a yield of 7.1%. The ex-dividend date is Thursday, March 13th.

Allspring Utilities and High Income Fund Company Profile

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.