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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH – Get Rating) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 5,900 shares, an increase of 96.7% from the April 30th total of 3,000 shares. Based on an average daily trading volume, of 14,200 shares, the short-interest ratio is currently 0.4 days.

Allspring Utilities and High Income Fund Stock Performance

ERH remained flat at $9.96 on Friday. 14,189 shares of the company were exchanged, compared to its average volume of 15,666. Allspring Utilities and High Income Fund has a twelve month low of $9.70 and a twelve month high of $13.12.

Allspring Utilities and High Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Tuesday, June 13th will be issued a $0.071 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date of this dividend is Monday, June 12th.

Institutional Trading of Allspring Utilities and High Income Fund

Institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors bought a new stake in shares of Allspring Utilities and High Income Fund during the 2nd quarter worth approximately $25,000. CoreCap Advisors LLC bought a new stake in shares of Allspring Utilities and High Income Fund during the 4th quarter worth approximately $26,000. Hollencrest Capital Management bought a new stake in shares of Allspring Utilities and High Income Fund during the 4th quarter worth approximately $26,000. Commonwealth Equity Services LLC bought a new stake in shares of Allspring Utilities and High Income Fund during the 3rd quarter worth approximately $112,000. Finally, UBS Group AG lifted its holdings in shares of Allspring Utilities and High Income Fund by 19.2% during the 2nd quarter. UBS Group AG now owns 11,756 shares of the company’s stock worth $142,000 after acquiring an additional 1,896 shares during the period.

Allspring Utilities and High Income Fund Company Profile

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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.