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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 3,000,000 shares, an increase of 36.4% from the February 28th total of 2,200,000 shares. Based on an average trading volume of 984,000 shares, the short-interest ratio is currently 3.0 days.

Guggenheim Strategic Opportunities Fund Stock Performance

GOF traded down $0.06 during midday trading on Tuesday, reaching $15.52. 973,147 shares of the company’s stock were exchanged, compared to its average volume of 822,681. The business’s 50-day moving average price is $15.58 and its 200 day moving average price is $15.61. Guggenheim Strategic Opportunities Fund has a 1-year low of $13.68 and a 1-year high of $16.08.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.1821 per share. This represents a $2.19 dividend on an annualized basis and a yield of 14.08%. The ex-dividend date of this dividend was Friday, March 14th.

Hedge Funds Weigh In On Guggenheim Strategic Opportunities Fund

A number of institutional investors have recently made changes to their positions in the stock. LPL Financial LLC increased its position in Guggenheim Strategic Opportunities Fund by 7.5% during the 4th quarter. LPL Financial LLC now owns 1,712,240 shares of the investment management company’s stock worth $26,129,000 after purchasing an additional 119,927 shares in the last quarter. Verus Capital Partners LLC lifted its stake in shares of Guggenheim Strategic Opportunities Fund by 53.3% during the fourth quarter. Verus Capital Partners LLC now owns 1,104,801 shares of the investment management company’s stock valued at $16,859,000 after buying an additional 384,257 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Guggenheim Strategic Opportunities Fund during the fourth quarter valued at approximately $9,720,000. CreativeOne Wealth LLC boosted its position in Guggenheim Strategic Opportunities Fund by 6.7% during the fourth quarter. CreativeOne Wealth LLC now owns 596,836 shares of the investment management company’s stock worth $9,108,000 after acquiring an additional 37,458 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Guggenheim Strategic Opportunities Fund by 28.3% in the 4th quarter. Bank of America Corp DE now owns 576,317 shares of the investment management company’s stock worth $8,795,000 after acquiring an additional 127,181 shares during the period.

Guggenheim Strategic Opportunities Fund Company Profile

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.