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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,200,000 shares, an increase of 54.9% from the January 31st total of 1,420,000 shares. Based on an average trading volume of 907,700 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James & Associates grew its holdings in shares of Guggenheim Strategic Opportunities Fund by 39.6% during the third quarter. Raymond James & Associates now owns 201,926 shares of the investment management company’s stock valued at $3,182,000 after buying an additional 57,314 shares during the last quarter. Focus Financial Network Inc. lifted its stake in Guggenheim Strategic Opportunities Fund by 4.6% in the 3rd quarter. Focus Financial Network Inc. now owns 36,550 shares of the investment management company’s stock worth $576,000 after purchasing an additional 1,604 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Guggenheim Strategic Opportunities Fund by 2,116.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,277 shares of the investment management company’s stock worth $67,000 after purchasing an additional 4,084 shares during the last quarter. WFA Asset Management Corp grew its position in shares of Guggenheim Strategic Opportunities Fund by 24.8% in the third quarter. WFA Asset Management Corp now owns 27,038 shares of the investment management company’s stock valued at $426,000 after purchasing an additional 5,378 shares in the last quarter. Finally, Transcendent Capital Group LLC boosted its position in shares of Guggenheim Strategic Opportunities Fund by 50.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 3,000 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 1,000 shares during the last quarter.

Guggenheim Strategic Opportunities Fund Trading Up 0.1 %

NYSE GOF traded up $0.02 during trading on Monday, reaching $15.74. 1,156,891 shares of the company’s stock traded hands, compared to its average volume of 969,762. The company’s 50 day simple moving average is $15.40 and its two-hundred day simple moving average is $15.56. Guggenheim Strategic Opportunities Fund has a 12-month low of $13.66 and a 12-month high of $16.08.

Guggenheim Strategic Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.1821 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.19 dividend on an annualized basis and a yield of 13.88%.

Guggenheim Strategic Opportunities Fund Company Profile

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.