Guggenheim Strategic Opportunities Fund (NYSE:GOF) Sees Large Growth in Short Interest

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 1,770,000 shares, a growth of 62.4% from the July 31st total of 1,090,000 shares. Based on an average trading volume of 772,700 shares, the short-interest ratio is currently 2.3 days.

Guggenheim Strategic Opportunities Fund Stock Performance

GOF stock traded up $0.11 during mid-day trading on Friday, hitting $15.45. 660,644 shares of the company were exchanged, compared to its average volume of 732,196. The firm’s 50 day simple moving average is $15.25 and its 200 day simple moving average is $14.71. Guggenheim Strategic Opportunities Fund has a 1-year low of $10.96 and a 1-year high of $16.01.

Guggenheim Strategic Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.1821 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.19 annualized dividend and a yield of 14.14%.

Insider Activity at Guggenheim Strategic Opportunities Fund

In other Guggenheim Strategic Opportunities Fund news, insider Randall C. Barnes sold 5,849 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $15.02, for a total transaction of $87,851.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Guggenheim Strategic Opportunities Fund

Several hedge funds have recently made changes to their positions in GOF. Transcendent Capital Group LLC bought a new position in shares of Guggenheim Strategic Opportunities Fund during the 1st quarter worth approximately $29,000. Central Valley Advisors LLC bought a new position in shares of Guggenheim Strategic Opportunities Fund during the 2nd quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Guggenheim Strategic Opportunities Fund during the 2nd quarter worth approximately $37,000. NBC Securities Inc. grew its stake in shares of Guggenheim Strategic Opportunities Fund by 162.9% during the 1st quarter. NBC Securities Inc. now owns 3,228 shares of the investment management company’s stock worth $46,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in shares of Guggenheim Strategic Opportunities Fund by 1,166.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 326,060 shares of the investment management company’s stock worth $50,000 after acquiring an additional 300,306 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.