Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Short Interest Update

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 6,000 shares, a decline of 23.1% from the June 30th total of 7,800 shares. Based on an average daily volume of 32,800 shares, the short-interest ratio is currently 0.2 days.

Allspring Utilities and High Income Fund Trading Up 0.5 %

Shares of Allspring Utilities and High Income Fund stock traded up $0.06 on Tuesday, hitting $10.18. 19,751 shares of the company’s stock were exchanged, compared to its average volume of 27,124. Allspring Utilities and High Income Fund has a 1 year low of $7.97 and a 1 year high of $10.40.

Allspring Utilities and High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be paid a dividend of $0.062 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date is Monday, August 12th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. ORG Partners LLC purchased a new position in shares of Allspring Utilities and High Income Fund during the 1st quarter valued at $86,000. Nations Financial Group Inc. IA ADV bought a new stake in Allspring Utilities and High Income Fund in the 1st quarter valued at $94,000. Arlington Capital Management Inc. bought a new stake in Allspring Utilities and High Income Fund in the 4th quarter valued at $147,000. Principal Securities Inc. bought a new stake in Allspring Utilities and High Income Fund in the 4th quarter valued at $425,000. Finally, Robinson Capital Management LLC increased its holdings in 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 valued at $523,000 after acquiring an additional 10,310 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.