Wells Fargo Advantage Utilities and High Income Fund (NYSEAMERICAN:ERH) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totalling 4,300 shares, an increase of 26.5% from the October 15th total of 3,400 shares. Based on an average daily trading volume, of 19,500 shares, the short-interest ratio is currently 0.2 days.

Shares of Wells Fargo Advantage Utilities and High Income Fund stock opened at $12.51 on Friday. Wells Fargo Advantage Utilities and High Income Fund has a 12 month low of $7.51 and a 12 month high of $15.97.

The company also recently declared a monthly dividend, which will be paid on Monday, January 4th. Investors of record on Monday, December 14th will be paid a dividend of $0.071 per share. This represents a $0.85 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date is Friday, December 11th.

Institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. raised its stake in shares of Wells Fargo Advantage Utilities and High Income Fund by 4.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 25,066 shares of the company’s stock valued at $301,000 after buying an additional 1,017 shares during the last quarter. Cetera Advisor Networks LLC increased its stake in shares of Wells Fargo Advantage Utilities and High Income Fund by 12.1% in the 3rd quarter. Cetera Advisor Networks LLC now owns 21,211 shares of the company’s stock valued at $255,000 after purchasing an additional 2,287 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of Wells Fargo Advantage Utilities and High Income Fund by 124.1% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 22,574 shares of the company’s stock valued at $292,000 after purchasing an additional 12,499 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in shares of Wells Fargo Advantage Utilities and High Income Fund in the 1st quarter valued at about $197,000. Finally, WealthShield Partners LLC purchased a new position in shares of Wells Fargo Advantage Utilities and High Income Fund in the 3rd quarter valued at about $487,000.

About Wells Fargo Advantage Utilities and High Income Fund

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.

See Also: What is a Buy-Side Analyst?

Receive News & Ratings for Wells Fargo Advantage Utilities and High Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo Advantage Utilities and High Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.