Guggenheim Active Allocation Fund (NYSE:GUG) Stock Short Interest Rises 185.4%

Guggenheim Active Allocation Fund (NYSE:GUG – Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 35,942 shares, an increase 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 presently 0.4 days.

Guggenheim Active Allocation Fund Price Performance

NYSE:GUG traded up $0.10 during mid-day trading on Friday, hitting $13.89. 123,370 shares of the company’s stock traded hands, compared to its average volume of 86,595. The firm has a 50 day moving average of $15.14 and a two-hundred day moving average of $15.52. Guggenheim Active Allocation Fund has a 12 month low of $13.75 and a 12 month high of $16.46.

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Guggenheim Active Allocation Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.1187 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.42 annualized dividend and a dividend yield of 10.3%.

Institutional Trading of Guggenheim Active Allocation Fund

A number of hedge funds have recently bought and sold shares of GUG. Bank of America Corp DE increased its holdings in shares of Guggenheim Active Allocation Fund by 3.4% during the 1st 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. Royal Bank of Canada grew its position in Guggenheim Active Allocation Fund by 3.2% during the first quarter. Royal Bank of Canada now owns 500,014 shares of the company’s stock worth $7,610,000 after buying an additional 15,296 shares in the last quarter. Corrado Advisors LLC grew its position in Guggenheim Active Allocation Fund by 4.6% during the fourth quarter. Corrado Advisors LLC now owns 180,342 shares of the company’s stock worth $2,765,000 after buying an additional 8,007 shares in the last quarter. Closed End Fund Advisors Inc. acquired a new stake in Guggenheim Active Allocation Fund during the fourth quarter worth about $1,692,000. Finally, Ascentis Independent Advisors increased its stake in Guggenheim Active Allocation Fund by 1.9% during the first quarter. Ascentis Independent Advisors now owns 48,577 shares of the company’s stock valued at $739,000 after acquiring an additional 883 shares during the period.

Guggenheim Active Allocation Fund (NYSE:GUG) is a closed-end investment fund managed by Guggenheim Investments. Rather than operating a conventional business, the fund pools investor capital and seeks to provide total return through a combination of current income and long-term capital appreciation.

The fund uses an actively managed, flexible allocation strategy that may invest across multiple asset classes, including equity securities, fixed-income investments, exchange-traded funds and other investment vehicles.

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