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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 3,000,000 shares, a growth of 36.4% from the February 28th total of 2,200,000 shares. Based on an average daily volume of 984,000 shares, the short-interest ratio is currently 3.0 days.

Guggenheim Strategic Opportunities Fund Stock Down 0.2 %

NYSE GOF traded down $0.04 on Monday, reaching $15.51. The stock had a trading volume of 463,023 shares, compared to its average volume of 819,113. The stock has a fifty day moving average price of $15.58 and a two-hundred day moving average price of $15.61. Guggenheim Strategic Opportunities Fund has a 12-month low of $13.68 and a 12-month high of $16.08.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company 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 $0.1821 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.19 annualized dividend and a dividend yield of 14.09%.

Hedge Funds Weigh In On Guggenheim Strategic Opportunities Fund

Hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its position in shares of Guggenheim Strategic Opportunities Fund by 27.8% during the third quarter. Thrivent Financial for Lutherans now owns 57,928 shares of the investment management company’s stock worth $913,000 after purchasing an additional 12,592 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in Guggenheim Strategic Opportunities Fund during the 3rd quarter worth approximately $74,000. Integrated Wealth Concepts LLC lifted its holdings in Guggenheim Strategic Opportunities Fund by 3.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 146,262 shares of the investment management company’s stock worth $2,305,000 after buying an additional 4,472 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of Guggenheim Strategic Opportunities Fund by 8.7% in the third quarter. IHT Wealth Management LLC now owns 10,873 shares of the investment management company’s stock worth $171,000 after acquiring an additional 872 shares in the last quarter. Finally, Insigneo Advisory Services LLC grew its stake in shares of Guggenheim Strategic Opportunities Fund by 14.7% in the third quarter. Insigneo Advisory Services LLC now owns 23,382 shares of the investment management company’s stock worth $368,000 after acquiring an additional 3,002 shares in the last quarter.

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.