Guggenheim Strategic Opportunities Fund (NYSE:GOF – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 440,824 shares, a growth of 463.6% from the June 30th total of 78,213 shares. Based on an average trading volume of 1,159,212 shares, the days-to-cover ratio is currently 0.4 days.
Guggenheim Strategic Opportunities Fund Stock Up 0.6%
Guggenheim Strategic Opportunities Fund stock traded up $0.07 during trading hours on Friday, reaching $10.51. 1,073,136 shares of the stock were exchanged, compared to its average volume of 1,427,652. Guggenheim Strategic Opportunities Fund has a 52-week low of $10.39 and a 52-week high of $15.20. The firm’s 50 day moving average is $10.89 and its 200 day moving average is $11.51.
Guggenheim Strategic Opportunities Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.1821 per share. This represents a c) dividend on an annualized basis and a dividend yield of 20.8%. The ex-dividend date is Wednesday, July 15th.
Insider Buying and Selling
Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund
A number of institutional investors have recently added to or reduced their stakes in GOF. LPL Financial LLC lifted its holdings in shares of Guggenheim Strategic Opportunities Fund by 6.3% in the 4th quarter. LPL Financial LLC now owns 2,552,235 shares of the investment management company’s stock valued at $32,873,000 after buying an additional 151,730 shares during the period. Verus Capital Partners LLC lifted its holdings in Guggenheim Strategic Opportunities Fund by 6.5% in the first quarter. Verus Capital Partners LLC now owns 2,477,088 shares of the investment management company’s stock valued at $27,298,000 after acquiring an additional 150,544 shares during the period. Rivernorth Capital Management LLC boosted its position in shares of Guggenheim Strategic Opportunities Fund by 132.6% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,888,335 shares of the investment management company’s stock worth $20,809,000 after purchasing an additional 1,076,643 shares in the last quarter. UBS Group AG grew its stake in shares of Guggenheim Strategic Opportunities Fund by 7.0% during the 4th quarter. UBS Group AG now owns 1,692,259 shares of the investment management company’s stock worth $21,796,000 after purchasing an additional 111,064 shares during the period. Finally, Invesco Ltd. acquired a new stake in shares of Guggenheim Strategic Opportunities Fund in the fourth quarter valued at about $17,040,000.
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.
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