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

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

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in Allspring Utilities and High Income Fund in the 2nd quarter valued at $92,000. Logan Stone Capital LLC bought a new position in Allspring Utilities and High Income Fund during the second quarter valued at about $375,000. Finally, Wolverine Asset Management LLC increased its holdings 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 buying an additional 50,307 shares during the last quarter.

Allspring Utilities and High Income Fund Price Performance

Shares of ERH opened at $10.72 on Friday. Allspring Utilities and High Income Fund has a 52 week low of $8.73 and a 52 week high of $11.36.

Allspring Utilities and High Income Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be given a dividend of $0.0754 per share. The ex-dividend date is Monday, January 13th.

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.