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

Guggenheim Active Allocation Fund (NYSE:GUG) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 35,942 shares, a growth of 185.4% from the August 31st total of 12,593 shares. Based on an average daily volume of 98,444 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Guggenheim Active Allocation Fund

Several institutional investors have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC grew its holdings in Guggenheim Active Allocation Fund by 6.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 40,738 shares of the company’s stock worth $651,000 after acquiring an additional 2,317 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Guggenheim Active Allocation Fund by 14.3% during the second quarter. Wedbush Securities Inc. now owns 12,365 shares of the company’s stock valued at $198,000 after acquiring an additional 1,550 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Guggenheim Active Allocation Fund by 3.4% during the first quarter. Bank of America Corp DE now owns 914,964 shares of the company’s stock worth $13,926,000 after purchasing an additional 29,929 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Guggenheim Active Allocation Fund by 59.9% during the first quarter. Cetera Investment Advisers now owns 43,694 shares of the company’s stock worth $665,000 after purchasing an additional 16,361 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Guggenheim Active Allocation Fund by 3.2% in the first quarter. Royal Bank of Canada now owns 500,014 shares of the company’s stock worth $7,610,000 after purchasing an additional 15,296 shares during the last quarter.

Guggenheim Active Allocation Fund Stock Performance

Shares of NYSE:GUG traded up $0.10 during trading on Friday, reaching $13.89. 123,370 shares of the company traded hands, compared to its average volume of 86,595. Guggenheim Active Allocation Fund has a 52-week low of $13.75 and a 52-week high of $16.46. The business’s fifty day moving average is $15.14 and its 200-day moving average is $15.52.

Guggenheim Active Allocation Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.1187 per share. This represents a $1.42 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date is Tuesday, September 15th.

Guggenheim Active Allocation Fund is a diversified, closed-end management investment company trading on the New York Stock Exchange under the ticker symbol GUG. The fund aims to provide a combination of current income and capital appreciation by employing an actively managed, multi-asset strategy. Its investment universe spans global equity securities, fixed-income instruments, convertible securities and derivative instruments, allowing the portfolio to capture opportunities across market cycles and geographic regions.

Employing a dynamic asset allocation framework, the fund’s management team adjusts exposures based on market valuations, economic outlooks and risk assessments.