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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 6,000 shares, an increase of 114.3% from the March 15th total of 2,800 shares. Based on an average trading volume of 30,700 shares, the short-interest ratio is presently 0.2 days.

Allspring Utilities and High Income Fund Trading Up 0.9 %

NYSEAMERICAN ERH opened at $10.60 on Friday. Allspring Utilities and High Income Fund has a 12 month low of $8.89 and a 12 month high of $11.44. The company’s 50 day simple moving average is $10.87 and its 200 day simple moving average is $10.71.

Allspring Utilities and High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be issued a $0.0785 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.94 annualized dividend and a dividend yield of 8.89%.

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

Large investors have recently modified their holdings of the stock. Zimmer Partners LP purchased a new stake in shares of Allspring Utilities and High Income Fund in the 4th quarter valued at approximately $562,000. Saba Capital Management L.P. grew its position in 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 purchasing an additional 99,408 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Allspring Utilities and High Income Fund during the 4th quarter valued at $110,000. Level Four Advisory Services LLC lifted its holdings in shares of Allspring Utilities and High Income Fund by 36.6% in the fourth 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, Blue Bell Private Wealth Management LLC boosted its position in shares of Allspring Utilities and High Income Fund by 159.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 70,900 shares of the company’s stock worth $760,000 after buying an additional 43,571 shares during the period.

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.