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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) saw a significant growth in short interest in the month of 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 trading volume, of 20,600 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

Large investors have recently made changes to their positions in the business. ORG Partners LLC acquired a new stake in Allspring Utilities and High Income Fund during the 1st quarter valued at $86,000. Sanctuary Advisors LLC acquired a new position in Allspring Utilities and High Income Fund during the 2nd quarter worth $92,000. Logan Stone Capital LLC acquired a new position in Allspring Utilities and High Income Fund during the 2nd quarter worth $375,000. Robinson Capital Management LLC grew its holdings in 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. Finally, Cornerstone Advisors LLC grew its holdings in 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.

Allspring Utilities and High Income Fund Stock Up 0.3 %

NYSEAMERICAN:ERH traded up $0.04 during trading hours on Friday, reaching $11.06. 41,276 shares of the company were exchanged, compared to its average volume of 26,753. Allspring Utilities and High Income Fund has a 52-week low of $7.97 and a 52-week high of $11.16.

Allspring Utilities and High Income Fund Dividend Announcement

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

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.