Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Short Interest Down 36.5% in February

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 4,000 shares, a drop of 36.5% from the February 13th total of 6,300 shares. Based on an average daily trading volume, of 32,300 shares, the days-to-cover ratio is currently 0.1 days.

Allspring Utilities and High Income Fund Stock Performance

Shares of ERH traded up $0.04 during midday trading on Friday, reaching $10.83. 26,733 shares of the stock were exchanged, compared to its average volume of 28,267. Allspring Utilities and High Income Fund has a twelve month low of $8.75 and a twelve month high of $11.44. The firm has a 50 day moving average of $10.95.

Allspring Utilities and High Income Fund Dividend Announcement

The business also recently declared a — dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a $0.0772 dividend. This represents a dividend yield of 7.1%. The ex-dividend date is Thursday, March 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Zimmer Partners LP bought a new position in shares of Allspring Utilities and High Income Fund in the fourth quarter worth $562,000. Saba Capital Management L.P. grew its position in Allspring Utilities and High Income Fund by 36.2% in the fourth quarter. Saba Capital Management L.P. now owns 374,129 shares of the company’s stock valued at $4,011,000 after acquiring an additional 99,408 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Allspring Utilities and High Income Fund in the fourth quarter valued at about $110,000. Level Four Advisory Services LLC grew its position in Allspring Utilities and High Income Fund by 36.6% in the fourth quarter. Level Four Advisory Services LLC now owns 15,865 shares of the company’s stock valued at $170,000 after acquiring an additional 4,252 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its position in Allspring Utilities and High Income Fund by 159.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 70,900 shares of the company’s stock valued at $760,000 after acquiring an additional 43,571 shares during 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.