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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 4,800 shares, an increase of 300.0% from the September 30th total of 1,200 shares. Based on an average daily volume of 24,800 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Allspring Utilities and High Income Fund

Several hedge funds have recently added to or reduced their stakes in ERH. Logan Stone Capital LLC acquired a new position in Allspring Utilities and High Income Fund in the second quarter valued at $375,000. Cornerstone Advisors LLC lifted its holdings in shares of Allspring Utilities and High Income Fund by 18.1% in the 1st quarter. Cornerstone Advisors LLC now owns 128,355 shares of the company’s stock valued at $1,212,000 after purchasing an additional 19,708 shares during the last quarter. Robinson Capital Management LLC lifted its holdings in shares of Allspring Utilities and High Income Fund by 23.1% in the 1st quarter. Robinson Capital Management LLC now owns 54,952 shares of the company’s stock valued at $523,000 after purchasing an additional 10,310 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Allspring Utilities and High Income Fund in the 2nd quarter valued at about $92,000. Finally, ORG Partners LLC purchased a new position in Allspring Utilities and High Income Fund during the 1st quarter worth approximately $86,000.

Allspring Utilities and High Income Fund Trading Down 0.4 %

NYSEAMERICAN:ERH opened at $11.11 on Friday. Allspring Utilities and High Income Fund has a 1 year low of $8.14 and a 1 year high of $11.36.

Allspring Utilities and High Income Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a dividend of $0.0635 per share. The ex-dividend date is Tuesday, November 12th.

About Allspring Utilities and High Income Fund

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.