Guggenheim Active Allocation Fund (NYSE:GUG) Short Interest Update

Guggenheim Active Allocation Fund (NYSE:GUG) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 38,400 shares, a drop of 49.6% from the January 31st total of 76,200 shares. Based on an average daily volume of 106,800 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

A number of hedge funds have recently added to or reduced their stakes in GUG. JPMorgan Chase & Co. bought a new position in shares of Guggenheim Active Allocation Fund in the third quarter valued at approximately $63,000. Avior Wealth Management LLC raised its position in Guggenheim Active Allocation Fund by 53.6% in the 4th quarter. Avior Wealth Management LLC now owns 5,479 shares of the company’s stock valued at $81,000 after buying an additional 1,913 shares during the last quarter. SouthState Corp bought a new position in Guggenheim Active Allocation Fund during the 4th quarter valued at $125,000. Steward Partners Investment Advisory LLC boosted its holdings in Guggenheim Active Allocation Fund by 94.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,664 shares of the company’s stock worth $144,000 after acquiring an additional 4,700 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Guggenheim Active Allocation Fund in the 4th quarter worth $176,000.

Guggenheim Active Allocation Fund Stock Performance

GUG traded up $0.24 during trading on Friday, hitting $15.72. 85,059 shares of the company’s stock were exchanged, compared to its average volume of 96,599. Guggenheim Active Allocation Fund has a fifty-two week low of $13.93 and a fifty-two week high of $16.88. The business’s 50 day moving average is $15.36 and its two-hundred day moving average is $15.67.

Guggenheim Active Allocation Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.1188 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.06%.