Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Sees Large Growth in Short Interest

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 3,700 shares, a growth of 12.1% from the August 31st total of 3,300 shares. Based on an average daily volume of 20,600 shares, the days-to-cover ratio is presently 0.2 days.

Allspring Utilities and High Income Fund Trading Up 0.3 %

ERH traded up $0.04 during trading on Friday, hitting $11.06. 41,276 shares of the company’s stock traded hands, compared to its average volume of 26,753. Allspring Utilities and High Income Fund has a 12-month low of $7.97 and a 12-month high of $11.16.

Allspring Utilities and High Income Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.0626 per share. The ex-dividend date is Tuesday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. ORG Partners LLC acquired a new position in shares of Allspring Utilities and High Income Fund in the 1st quarter valued at $86,000. Sanctuary Advisors LLC purchased a new stake in shares of Allspring Utilities and High Income Fund during the 2nd quarter worth about $92,000. Robinson Capital Management LLC boosted its stake in shares of Allspring Utilities and High Income Fund by 23.1% during the 1st quarter. Robinson Capital Management LLC now owns 54,952 shares of the company’s stock worth $523,000 after acquiring an additional 10,310 shares in the last quarter. Cornerstone Advisors LLC boosted its stake in shares of Allspring Utilities and High Income Fund by 18.1% during the 1st quarter. Cornerstone Advisors LLC now owns 128,355 shares of the company’s stock worth $1,212,000 after acquiring an additional 19,708 shares in the last quarter. Finally, 1607 Capital Partners LLC boosted its stake in shares of Allspring Utilities and High Income Fund by 6.7% during the 4th quarter. 1607 Capital Partners LLC now owns 445,064 shares of the company’s stock worth $4,099,000 after acquiring an additional 27,996 shares in the last quarter.

Allspring Utilities and High Income Fund Company Profile

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.