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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) saw a large increase in short interest in 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 daily volume of 23,646 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 23,646 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Allspring Utilities and High Income Fund

Hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in Allspring Utilities and High Income Fund by 51.9% in the 4th quarter. LPL Financial LLC now owns 26,039 shares of the company’s stock valued at $308,000 after buying an additional 8,894 shares during the period. Blue Bell Private Wealth Management LLC grew its holdings in Allspring Utilities and High Income Fund by 1.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 87,223 shares of the company’s stock valued at $1,031,000 after purchasing an additional 1,178 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Allspring Utilities and High Income Fund in the fourth quarter valued at approximately $469,000. Integrated Wealth Concepts LLC increased its position in Allspring Utilities and High Income Fund by 12.4% during the third 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 last quarter. Finally, CX Institutional purchased a new position in Allspring Utilities and High Income Fund during the third quarter worth approximately $27,000.

Allspring Utilities and High Income Fund Stock Performance

Shares of ERH traded down $0.03 on Tuesday, hitting $12.33. 23,040 shares of the stock traded hands, compared to its average volume of 29,409. Allspring Utilities and High Income Fund has a 1 year low of $9.98 and a 1 year high of $13.07. The stock’s 50 day moving average is $11.84 and its two-hundred day moving average is $12.17.

Allspring Utilities and High Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be given a $0.0848 dividend. This is an increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Thursday, February 12th.

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.