Guggenheim Strategic Opportunities Fund (NYSE:GOF) Sees Large Increase in Short Interest

Guggenheim Strategic Opportunities Fund (NYSE:GOF) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 1,770,000 shares, an increase of 62.4% from the July 31st total of 1,090,000 shares. Based on an average daily trading volume, of 772,700 shares, the short-interest ratio is currently 2.3 days.

Insider Buying and Selling

In other Guggenheim Strategic Opportunities Fund news, insider Randall C. Barnes sold 5,849 shares of Guggenheim Strategic Opportunities Fund stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $15.02, for a total transaction of $87,851.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On Guggenheim Strategic Opportunities Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Founders Financial Alliance LLC boosted its position in shares of Guggenheim Strategic Opportunities Fund by 5.4% in the second quarter. Founders Financial Alliance LLC now owns 100,994 shares of the investment management company’s stock worth $1,506,000 after purchasing an additional 5,153 shares during the period. Cetera Investment Advisers boosted its holdings in Guggenheim Strategic Opportunities Fund by 4.7% in the 2nd quarter. Cetera Investment Advisers now owns 386,984 shares of the investment management company’s stock worth $5,770,000 after buying an additional 17,475 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in Guggenheim Strategic Opportunities Fund by 30.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 52,767 shares of the investment management company’s stock worth $787,000 after buying an additional 12,315 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Guggenheim Strategic Opportunities Fund by 23.1% during the second quarter. NewEdge Advisors LLC now owns 100,204 shares of the investment management company’s stock valued at $1,494,000 after acquiring an additional 18,800 shares during the period. Finally, AE Wealth Management LLC purchased a new position in shares of Guggenheim Strategic Opportunities Fund in the second quarter valued at about $338,000.

Guggenheim Strategic Opportunities Fund Stock Performance

Shares of GOF stock traded up $0.11 on Friday, reaching $15.45. The stock had a trading volume of 660,644 shares, compared to its average volume of 732,196. Guggenheim Strategic Opportunities Fund has a 1 year low of $10.96 and a 1 year high of $16.01. The company has a 50 day simple moving average of $15.25 and a 200 day simple moving average of $14.71.

Guggenheim Strategic Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.1821 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 14.14%. The ex-dividend date was Thursday, August 15th.

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.