Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Short Interest Down 82.1% in June

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 549 shares, a decrease of 82.1% from the June 15th total of 3,071 shares. Based on an average daily volume of 15,186 shares, the days-to-cover ratio is currently 0.0 days.

Allspring Utilities and High Income Fund Trading Down 0.7%

Shares of NYSEAMERICAN:ERH traded down $0.08 during midday trading on Monday, hitting $12.09. The company had a trading volume of 14,445 shares, compared to its average volume of 25,148. Allspring Utilities and High Income Fund has a 12-month low of $11.50 and a 12-month high of $13.07. The company has a fifty day moving average of $11.97 and a two-hundred day moving average of $12.08.

Allspring Utilities and High Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a $0.0876 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 8.7%. This is a boost from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On Allspring Utilities and High Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC raised its position in Allspring Utilities and High Income Fund by 1.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 87,223 shares of the company’s stock valued at $1,031,000 after purchasing an additional 1,178 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Allspring Utilities and High Income Fund during the 4th quarter worth $469,000. LPL Financial LLC increased its stake in shares of Allspring Utilities and High Income Fund by 51.9% during the fourth quarter. LPL Financial LLC now owns 26,039 shares of the company’s stock valued at $308,000 after buying an additional 8,894 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Allspring Utilities and High Income Fund by 12.4% during the third quarter. Integrated Wealth Concepts LLC now owns 11,538 shares of the company’s stock valued at $143,000 after buying an additional 1,272 shares during the period. Finally, Ascentis Independent Advisors bought a new stake in shares of Allspring Utilities and High Income Fund in the first quarter valued at about $118,000.

Allspring Utilities and High Income Fund Company Profile

Allspring Utilities and High Income Fund is a closed-end management investment company listed on the NYSE American under the ticker ERH. Managed by Allspring Global Investments, the fund seeks to provide a high level of current income, with a secondary focus on capital appreciation. It primarily invests in the securities of companies operating in the utilities and energy sectors.

The portfolio is broadly diversified across regulated electric, gas and water utilities as well as non-regulated energy-related firms.