Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Short Interest Up 12.1% in September

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 3,700 shares, an increase 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.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. ORG Partners LLC acquired a new position in Allspring Utilities and High Income Fund during the first quarter worth approximately $86,000. Sanctuary Advisors LLC purchased a new position in shares of Allspring Utilities and High Income Fund in the 2nd quarter valued at approximately $92,000. Logan Stone Capital LLC acquired a new position in Allspring Utilities and High Income Fund in the 2nd quarter valued at $375,000. Robinson Capital Management LLC lifted its stake 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 worth $523,000 after acquiring an additional 10,310 shares during the period. Finally, Cornerstone Advisors LLC lifted its stake 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 worth $1,212,000 after acquiring an additional 19,708 shares during the period.

Allspring Utilities and High Income Fund Stock Up 0.4 %

Shares of Allspring Utilities and High Income Fund stock traded up $0.05 during trading hours on Tuesday, hitting $11.21. The company’s stock had a trading volume of 9,299 shares, compared to its average volume of 26,805. Allspring Utilities and High Income Fund has a twelve month low of $7.97 and a twelve month high of $11.21.

Allspring Utilities and High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.0626 per share. This represents a $0.75 annualized dividend and a dividend yield of 6.70%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.