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

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 6,336 shares, a drop of 20.7% from the February 26th total of 7,986 shares. Based on an average trading volume of 23,444 shares, the short-interest ratio is presently 0.3 days.

Allspring Utilities and High Income Fund Stock Performance

Shares of NYSEAMERICAN ERH opened at $11.81 on Friday. Allspring Utilities and High Income Fund has a twelve month low of $9.98 and a twelve month high of $13.07. The company has a 50 day moving average of $12.15 and a 200 day moving average of $12.23.

Allspring Utilities and High Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a $0.0856 dividend. This is an increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a dividend yield of 8.7%. The ex-dividend date is Friday, April 10th.

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

Institutional investors have recently modified their holdings of the business. LPL Financial LLC increased its holdings in Allspring Utilities and High Income Fund by 51.9% in the 4th quarter. LPL Financial LLC now owns 26,039 shares of the company’s stock worth $308,000 after buying an additional 8,894 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Allspring Utilities and High Income Fund by 12.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 11,538 shares of the company’s stock worth $143,000 after buying an additional 1,272 shares during the last quarter. Raymond James Financial Inc. bought a new position in Allspring Utilities and High Income Fund during the 2nd quarter valued at about $25,000. Blue Bell Private Wealth Management LLC lifted its stake 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 acquiring an additional 1,178 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Allspring Utilities and High Income Fund during the 4th quarter valued at about $469,000.

About Allspring Utilities and High Income Fund

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.