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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 9,271 shares, an increase of 36.4% from the January 15th total of 6,797 shares. Based on an average trading volume of 23,646 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 23,646 shares, the short-interest ratio is presently 0.4 days.

Allspring Utilities and High Income Fund Trading Up 0.9%

ERH traded up $0.11 on Monday, hitting $12.35. The company had a trading volume of 73,599 shares, compared to its average volume of 29,667. The business’s fifty day simple moving average is $11.84 and its 200 day simple moving average is $12.17. Allspring Utilities and High Income Fund has a 12-month low of $9.98 and a 12-month high of $13.07.

Allspring Utilities and High Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be issued a $0.0848 dividend. This is a positive change from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Trading of Allspring Utilities and High Income Fund

A number of institutional investors have recently bought and sold shares of the stock. LPL Financial LLC increased its position in Allspring Utilities and High Income Fund by 51.9% during the fourth quarter. LPL Financial LLC now owns 26,039 shares of the company’s stock valued at $308,000 after acquiring an additional 8,894 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Allspring Utilities and High Income Fund by 1.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 87,223 shares of the company’s stock worth $1,031,000 after acquiring an additional 1,178 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Allspring Utilities and High Income Fund by 12.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 11,538 shares of the company’s stock worth $143,000 after purchasing an additional 1,272 shares during the period. Raymond James Financial Inc. bought a new position in Allspring Utilities and High Income Fund during the 2nd quarter valued at about $25,000. Finally, Stratos Wealth Partners LTD. bought a new position in Allspring Utilities and High Income Fund during the 4th quarter valued at about $469,000.

Allspring Utilities and High Income Fund Company Profile

Allspring Utilities and High Income Fund is a closed-end management investment company listed on the NYSE American under the ticker ERH. Managed by Allspring Global Investments, the fund seeks to provide a high level of current income, with a secondary focus on capital appreciation. It primarily invests in the securities of companies operating in the utilities and energy sectors.

The portfolio is broadly diversified across regulated electric, gas and water utilities as well as non-regulated energy-related firms.