Short Interest in Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Increases By 103.3%

Posted by Brenda Bartman on Jan 29th, 2025

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH – Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 12,200 shares, a growth of 103.3% from the December 31st total of 6,000 shares. Based on an average daily volume of 25,300 shares, the short-interest ratio is currently 0.5 days.

Allspring Utilities and High Income Fund Price Performance

Shares of Allspring Utilities and High Income Fund stock traded down $0.01 during midday trading on Wednesday, reaching $10.94. The company had a trading volume of 11,409 shares, compared to its average volume of 38,630. Allspring Utilities and High Income Fund has a 1-year low of $8.73 and a 1-year high of $11.36.

Allspring Utilities and High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be issued a $0.0754 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date is Monday, January 13th.

Institutional Trading of Allspring Utilities and High Income Fund

A hedge fund recently bought a new stake in Allspring Utilities and High Income Fund stock. Sanctuary Advisors LLC purchased a new stake in Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $92,000.

About Allspring Utilities and High Income Fund

(Get Free Report)

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.