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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 2,069,666 shares, an increase of 115.9% from the August 15th total of 958,644 shares. Based on an average trading volume of 5,003,607 shares, the short-interest ratio is currently 0.4 days.

Guggenheim Strategic Opportunities Fund Price Performance

NYSE GOF traded down $0.39 during trading on Tuesday, reaching $8.63. The company’s stock had a trading volume of 5,878,994 shares, compared to its average volume of 1,705,210. Guggenheim Strategic Opportunities Fund has a one year low of $8.53 and a one year high of $15.11. The firm has a fifty day moving average of $10.18 and a 200 day moving average of $10.83.

Guggenheim Strategic Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.1821 dividend. This represents a c) dividend on an annualized basis and a yield of 25.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Insider Buying and Selling

In other news, CEO Brian E. Binder purchased 4,704 shares of Guggenheim Strategic Opportunities Fund stock in a transaction dated 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 transaction, the chief executive officer directly owned 4,704 shares of the company’s stock, valued at approximately $50,003.52. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Verus Capital Partners LLC lifted its position in Guggenheim Strategic Opportunities Fund by 2.4% in the fourth quarter. Verus Capital Partners LLC now owns 2,326,544 shares of the investment management company’s stock valued at $29,966,000 after purchasing an additional 55,134 shares during the last quarter. Rivernorth Capital Management LLC lifted its holdings in Guggenheim Strategic Opportunities Fund by 132.6% in the first quarter. Rivernorth Capital Management LLC now owns 1,888,335 shares of the investment management company’s stock worth $20,809,000 after buying an additional 1,076,643 shares during the period. Royal Bank of Canada boosted its position in Guggenheim Strategic Opportunities Fund by 16.7% during the 1st quarter. Royal Bank of Canada now owns 1,145,825 shares of the investment management company’s stock valued at $12,628,000 after acquiring an additional 163,619 shares in the last quarter. Secure Asset Management LLC boosted its position in Guggenheim Strategic Opportunities Fund by 1.3% during the 2nd quarter. Secure Asset Management LLC now owns 631,456 shares of the investment management company’s stock valued at $6,895,000 after acquiring an additional 8,013 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Guggenheim Strategic Opportunities Fund by 31.8% during the 1st quarter. Bank of America Corp DE now owns 603,335 shares of the investment management company’s stock worth $6,649,000 after acquiring an additional 145,498 shares during the period.

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.