Short Interest in Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Grows By 130.8%

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 6,000 shares, an increase of 130.8% from the November 30th total of 2,600 shares. Based on an average trading volume of 24,200 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Allspring Utilities and High Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Logan Stone Capital LLC acquired a new position in shares of Allspring Utilities and High Income Fund during the 2nd quarter worth $375,000. Sanctuary Advisors LLC bought a new position in Allspring Utilities and High Income Fund in the second quarter valued at about $92,000. Finally, Wolverine Asset Management LLC raised its stake in Allspring Utilities and High Income Fund by 157.1% during the third quarter. Wolverine Asset Management LLC now owns 82,320 shares of the company’s stock worth $919,000 after acquiring an additional 50,307 shares in the last quarter.

Allspring Utilities and High Income Fund Price Performance

NYSEAMERICAN:ERH opened at $10.72 on Friday. Allspring Utilities and High Income Fund has a fifty-two week low of $8.73 and a fifty-two week high of $11.36.

Allspring Utilities and High Income Fund Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be issued a $0.0754 dividend. The ex-dividend date is Monday, January 13th.

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.