Guggenheim Strategic Opportunities Fund (NYSE:GOF) Short Interest Up 125.5% in May

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 782,071 shares, an increase of 125.5% from the April 30th total of 346,757 shares. Based on an average trading volume of 1,368,522 shares, the days-to-cover ratio is presently 0.6 days.

Guggenheim Strategic Opportunities Fund Stock Performance

GOF traded up $0.06 during trading hours on Friday, hitting $11.22. 1,603,642 shares of the stock were exchanged, compared to its average volume of 1,422,815. The stock has a 50-day simple moving average of $11.22 and a 200-day simple moving average of $11.94. Guggenheim Strategic Opportunities Fund has a 12 month low of $10.54 and a 12 month high of $15.20.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.1821 per share. The ex-dividend date was Friday, May 15th. This represents a c) annualized dividend and a yield of 19.5%.

Insider Buying and Selling

In other Guggenheim Strategic Opportunities Fund news, insider Randall C. Barnes bought 4,180 shares of Guggenheim Strategic Opportunities Fund stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $11.59 per share, for a total transaction of $48,446.20. Following the purchase, the insider owned 6,231 shares in the company, valued at $72,217.29. This represents a 203.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas F. Lydon, Jr. bought 8,710 shares of Guggenheim Strategic Opportunities Fund stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of $11.45 per share, with a total value of $99,729.50. Following the completion of the purchase, the insider owned 8,710 shares in the company, valued at approximately $99,729.50. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 13,110 shares of company stock valued at $150,682.

Hedge Funds Weigh In On Guggenheim Strategic Opportunities Fund

Large investors have recently added to or reduced their stakes in the company. Aspect Partners LLC acquired a new position in shares of Guggenheim Strategic Opportunities Fund during the third quarter valued at $27,000. CENTRAL TRUST Co acquired a new position in shares of Guggenheim Strategic Opportunities Fund during the first quarter valued at $28,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Guggenheim Strategic Opportunities Fund by 81.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,455 shares of the investment management company’s stock valued at $31,000 after buying an additional 1,100 shares during the period. Advisory Services Network LLC acquired a new position in Guggenheim Strategic Opportunities Fund during the third quarter worth about $84,000. Finally, Triumph Capital Management acquired a new position in shares of Guggenheim Strategic Opportunities Fund in the third quarter worth about $85,000.

About Guggenheim Strategic Opportunities Fund

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.