Guggenheim Strategic Opportunities Fund (NYSE:GOF) Short Interest Update

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 953,518 shares, a growth of 116.3% from the July 15th total of 440,824 shares. Based on an average daily volume of 1,472,304 shares, the short-interest ratio is presently 0.6 days.

Insider Buying and Selling

In related news, CEO Brian E. Binder purchased 4,704 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average cost of $10.63 per share, for a total transaction of $50,003.52. Following the completion of the purchase, the chief executive officer directly owned 4,704 shares in the company, valued at $50,003.52. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of Guggenheim Strategic Opportunities Fund

A number of hedge funds have recently made changes to their positions in the business. CENTRAL TRUST Co acquired a new position in shares of Guggenheim Strategic Opportunities Fund during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. lifted its holdings in Guggenheim Strategic Opportunities Fund by 81.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,455 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 1,100 shares during the last quarter. Allied Private Wealth LLC bought a new position in Guggenheim Strategic Opportunities Fund during the second quarter worth $43,000. Advisory Services Network LLC bought a new position in Guggenheim Strategic Opportunities Fund during the third quarter worth $84,000. Finally, Triumph Capital Management bought a new position in Guggenheim Strategic Opportunities Fund during the third quarter worth $85,000.

Guggenheim Strategic Opportunities Fund Trading Down 2.1%

Shares of Guggenheim Strategic Opportunities Fund stock traded down $0.23 on Friday, reaching $10.46. 1,201,926 shares of the company were exchanged, compared to its average volume of 1,397,799. Guggenheim Strategic Opportunities Fund has a one year low of $10.36 and a one year high of $15.16. The company has a 50-day moving average of $10.73 and a 200 day moving average of $11.26.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a dividend of $0.1821 per share. This represents a c) dividend on an annualized basis and a yield of 20.9%. The ex-dividend date is Friday, August 14th.

Guggenheim Strategic Opportunities Fund Company Profile

Guggenheim Strategic Opportunities Fund (NYSE: GOF) is a closed-end management investment company organized as a diversified, non-diversified or interval fund (as defined under the Investment Company Act of 1940). The fund commenced operations in February 2012 with a primary objective of seeking a high level of total return, consisting of both income and capital appreciation, through a flexible, opportunistic investment approach.

The fund’s core strategy focuses on investing across the capital structure of both debt and equity securities.