Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Short Interest Up 136.4% in November

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 2,600 shares, a growth of 136.4% from the November 15th total of 1,100 shares. Based on an average daily volume of 23,800 shares, the short-interest ratio is presently 0.1 days.

Allspring Utilities and High Income Fund Stock Performance

Allspring Utilities and High Income Fund stock opened at $10.75 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 Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be given a dividend of $0.0741 per share. This represents a $0.89 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.06.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in shares of Allspring Utilities and High Income Fund during the 2nd quarter valued at about $92,000. Logan Stone Capital LLC purchased a new position in shares of Allspring Utilities and High Income Fund in the 2nd quarter valued at $375,000. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Allspring Utilities and High Income Fund by 157.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 82,320 shares of the company’s stock valued at $919,000 after acquiring an additional 50,307 shares in the last quarter.

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.