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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 6,336 shares, a decrease of 20.7% from the February 26th total of 7,986 shares. Based on an average daily trading volume, of 23,444 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Allspring Utilities and High Income Fund

A number of hedge funds have recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC grew its stake in 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 valued at $1,031,000 after buying an additional 1,178 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Allspring Utilities and High Income Fund during the fourth quarter worth approximately $469,000. LPL Financial LLC grew its position in shares of Allspring Utilities and High Income Fund by 51.9% in the fourth quarter. LPL Financial LLC now owns 26,039 shares of the company’s stock valued at $308,000 after purchasing an additional 8,894 shares during the last quarter. Level Four Advisory Services LLC grew its position in shares of Allspring Utilities and High Income Fund by 4.7% in the second quarter. Level Four Advisory Services LLC now owns 20,151 shares of the company’s stock valued at $233,000 after purchasing an additional 910 shares during the last quarter. Finally, Tactive Advisors LLC bought a new position in shares of Allspring Utilities and High Income Fund during the second quarter worth approximately $154,000.

Allspring Utilities and High Income Fund Stock Performance

Shares of NYSEAMERICAN ERH traded up $0.14 during midday trading on Monday, hitting $11.95. 17,239 shares of the company’s stock were exchanged, compared to its average volume of 27,446. Allspring Utilities and High Income Fund has a 12 month low of $9.98 and a 12 month high of $13.07. The company’s 50 day moving average price is $12.15 and its 200 day moving average price is $12.23.

Allspring Utilities and High Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a $0.0856 dividend. This is an increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Friday, April 10th.

About Allspring Utilities and High Income Fund

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.