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 decline in short interest in the month of May. As of May 15th, there was short interest totaling 5,829 shares, a decline of 49.2% from the April 30th total of 11,478 shares. Based on an average trading volume of 31,365 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Allspring Utilities and High Income Fund in the 2nd quarter valued at approximately $25,000. Ascentis Independent Advisors bought a new stake in shares of Allspring Utilities and High Income Fund in the 1st quarter valued at approximately $118,000. Integrated Wealth Concepts LLC grew its stake in shares of Allspring Utilities and High Income Fund by 12.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 11,538 shares of the company’s stock valued at $143,000 after purchasing an additional 1,272 shares during the period. LPL Financial LLC grew its stake in shares of 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 purchasing an additional 8,894 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Allspring Utilities and High Income Fund in the 4th quarter valued at approximately $469,000.

Allspring Utilities and High Income Fund Trading Down 1.4%

Shares of ERH stock traded down $0.17 during trading hours on Monday, hitting $11.84. The company had a trading volume of 40,641 shares, compared to its average volume of 26,764. Allspring Utilities and High Income Fund has a 12 month low of $11.22 and a 12 month high of $13.07. The firm’s fifty day moving average is $12.18 and its 200 day moving average is $12.14.

Allspring Utilities and High Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be paid a $0.0873 dividend. The ex-dividend date is Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 8.8%. This is an increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09.

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.