Short Interest in Guggenheim Active Allocation Fund (NYSE:GUG) Declines By 58.3%

Guggenheim Active Allocation Fund (NYSE:GUG) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 16,000 shares, a drop of 58.3% from the February 13th total of 38,400 shares. Based on an average daily volume of 106,200 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in shares of Guggenheim Active Allocation Fund during the 3rd quarter worth $63,000. Avior Wealth Management LLC boosted its holdings in Guggenheim Active Allocation Fund by 53.6% during the fourth quarter. Avior Wealth Management LLC now owns 5,479 shares of the company’s stock worth $81,000 after buying an additional 1,913 shares in the last quarter. SouthState Corp acquired a new position in Guggenheim Active Allocation Fund during the fourth quarter worth about $125,000. Steward Partners Investment Advisory LLC increased its holdings in Guggenheim Active Allocation Fund by 94.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,664 shares of the company’s stock valued at $144,000 after buying an additional 4,700 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Guggenheim Active Allocation Fund during the 4th quarter valued at approximately $176,000.

Guggenheim Active Allocation Fund Price Performance

GUG traded up $0.01 during trading on Thursday, reaching $15.39. The company’s stock had a trading volume of 17,303 shares, compared to its average volume of 84,251. The company’s fifty day moving average price is $15.45 and its 200-day moving average price is $15.68. Guggenheim Active Allocation Fund has a 52-week low of $13.93 and a 52-week high of $16.88.

Guggenheim Active Allocation Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.1188 per share. This represents a $1.43 dividend on an annualized basis and a yield of 9.26%. The ex-dividend date is Friday, March 14th.