Wells Fargo Advantage Utilities and High Income Fund (NYSEAMERICAN:ERH) Short Interest Update

Wells Fargo Advantage Utilities and High Income Fund (NYSEAMERICAN:ERH) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 6,300 shares, a drop of 55.6% from the March 15th total of 14,200 shares. Based on an average daily volume of 21,300 shares, the short-interest ratio is presently 0.3 days.

NYSEAMERICAN ERH traded down $0.11 during trading on Wednesday, hitting $13.29. The stock had a trading volume of 12,882 shares, compared to its average volume of 22,211. Wells Fargo Advantage Utilities and High Income Fund has a one year low of $11.10 and a one year high of $13.99.

The business also recently declared a monthly dividend, which will be paid on Monday, May 3rd. Stockholders of record on Tuesday, April 13th will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 6.32%. The ex-dividend date is Monday, April 12th.

Several institutional investors have recently bought and sold shares of ERH. Winslow Evans & Crocker Inc. raised its stake in shares of Wells Fargo Advantage Utilities and High Income Fund by 202.1% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 3,550 shares of the company’s stock valued at $46,000 after acquiring an additional 2,375 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV bought a new stake in shares of Wells Fargo Advantage Utilities and High Income Fund during the fourth quarter valued at approximately $186,000. Cetera Advisor Networks LLC raised its stake in shares of Wells Fargo Advantage Utilities and High Income Fund by 4.2% during the fourth quarter. Cetera Advisor Networks LLC now owns 22,111 shares of the company’s stock valued at $284,000 after acquiring an additional 900 shares in the last quarter. Finally, Bridge Advisory LLC bought a new stake in shares of Wells Fargo Advantage Utilities and High Income Fund during the fourth quarter valued at approximately $1,567,000.

About Wells Fargo Advantage Utilities and High Income Fund

Wells Fargo Advantage Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is sub advised 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.

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