Short Interest in Guggenheim Strategic Opportunities Fund (NYSE:GOF) Expands By 7.9%

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 1,090,000 shares, a growth of 7.9% from the July 15th total of 1,010,000 shares. Based on an average daily trading volume, of 696,600 shares, the short-interest ratio is presently 1.6 days.

Guggenheim Strategic Opportunities Fund Trading Up 0.3 %

GOF stock traded up $0.05 during trading on Monday, hitting $15.49. The stock had a trading volume of 1,235,814 shares, compared to its average volume of 722,683. The company’s 50 day moving average price is $15.16 and its two-hundred day moving average price is $14.63. Guggenheim Strategic Opportunities Fund has a 1-year low of $10.96 and a 1-year high of $16.01.

Guggenheim Strategic Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.1821 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 14.11%. The ex-dividend date of this dividend is Thursday, August 15th.

Insider Buying and Selling

In related news, insider Randall C. Barnes sold 5,849 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $15.02, for a total value of $87,851.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Transcendent Capital Group LLC acquired a new position in shares of Guggenheim Strategic Opportunities Fund during the 1st quarter valued at about $29,000. Central Valley Advisors LLC purchased a new stake in shares of Guggenheim Strategic Opportunities Fund during the 2nd quarter worth about $34,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Guggenheim Strategic Opportunities Fund during the 2nd quarter worth about $37,000. NBC Securities Inc. grew its holdings in shares of Guggenheim Strategic Opportunities Fund by 162.9% during the 1st quarter. NBC Securities Inc. now owns 3,228 shares of the investment management company’s stock worth $46,000 after purchasing an additional 2,000 shares during the period. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Guggenheim Strategic Opportunities Fund by 1,166.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 326,060 shares of the investment management company’s stock worth $50,000 after purchasing an additional 300,306 shares during the period.

About Guggenheim Strategic Opportunities Fund

Guggenheim Strategic Opportunities Fund is a closed-ended balanced mutual fund launched and managed by Guggenheim Funds Investment Advisors, LLC. The fund is co-managed by Guggenheim Partners Investment Management LLC. It invests in public equity and fixed income markets across the globe. For its equity portion, the fund invests directly and through derivatives such as writing covered call and put options to invest in the stocks of companies operating across diversified sectors.