Guggenheim Strategic Opportunities Fund (NYSE:GOF) Short Interest Update

Guggenheim Strategic Opportunities Fund (NYSE:GOF) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,170,000 shares, a growth of 29.9% from the October 31st total of 1,670,000 shares. Based on an average daily volume of 767,800 shares, the days-to-cover ratio is currently 2.8 days.

Guggenheim Strategic Opportunities Fund Stock Down 0.1 %

NYSE:GOF traded down $0.02 during mid-day trading on Monday, reaching $15.78. 89,898 shares of the company’s stock traded hands, compared to its average volume of 742,179. Guggenheim Strategic Opportunities Fund has a 12-month low of $12.59 and a 12-month high of $16.08. The company has a 50 day moving average price of $15.78 and a 200-day moving average price of $15.35.

Guggenheim Strategic Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.1821 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 13.85%. The ex-dividend date was Friday, November 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. TrueMark Investments LLC purchased a new position in shares of Guggenheim Strategic Opportunities Fund during the 2nd quarter worth approximately $4,489,000. Patriot Financial Group Insurance Agency LLC lifted its position in Guggenheim Strategic Opportunities Fund by 3.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 34,417 shares of the investment management company’s stock valued at $513,000 after buying an additional 1,012 shares during the period. Secure Asset Management LLC bought a new stake in shares of Guggenheim Strategic Opportunities Fund during the 2nd quarter valued at $4,961,000. Focus Financial Network Inc. purchased a new stake in shares of Guggenheim Strategic Opportunities Fund in the 2nd quarter worth about $529,000. Finally, Capital Wealth Alliance LLC increased its stake in shares of Guggenheim Strategic Opportunities Fund by 10.6% in the 2nd quarter. Capital Wealth Alliance LLC now owns 19,093 shares of the investment management company’s stock worth $285,000 after acquiring an additional 1,830 shares in the last quarter.

About Guggenheim Strategic Opportunities Fund

Guggenheim Strategic Opportunities Fund is a closed-ended balanced mutual fund launched and managed by Guggenheim Funds Investment Advisors, LLC. The fund is co-managed by Guggenheim Partners Investment Management LLC. It invests in public equity and fixed income markets across the globe. For its equity portion, the fund invests directly and through derivatives such as writing covered call and put options to invest in the stocks of companies operating across diversified sectors.