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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 440,824 shares, a growth of 463.6% from the June 30th total of 78,213 shares. Based on an average trading volume of 1,159,212 shares, the days-to-cover ratio is presently 0.4 days.

Insider Transactions at Guggenheim Strategic Opportunities Fund

In related news, CEO Brian E. Binder purchased 4,704 shares of Guggenheim Strategic Opportunities Fund stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $10.63 per share, for a total transaction of $50,003.52. Following the purchase, the chief executive officer owned 4,704 shares in the company, valued at approximately $50,003.52. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas F. Lydon, Jr. purchased 8,710 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average cost of $11.45 per share, for a total transaction of $99,729.50. Following the completion of the acquisition, the insider directly owned 8,710 shares in the company, valued at $99,729.50. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing.

Hedge Funds Weigh In On Guggenheim Strategic Opportunities Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in GOF. International Assets Investment Management LLC raised its holdings in Guggenheim Strategic Opportunities Fund by 5.5% during the 4th quarter. International Assets Investment Management LLC now owns 16,814 shares of the investment management company’s stock worth $217,000 after purchasing an additional 874 shares during the last quarter. JB Capital LLC boosted its stake in shares of Guggenheim Strategic Opportunities Fund by 3.8% in the 4th quarter. JB Capital LLC now owns 25,886 shares of the investment management company’s stock valued at $333,000 after purchasing an additional 949 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Guggenheim Strategic Opportunities Fund by 8.3% in the 3rd quarter. Moors & Cabot Inc. now owns 13,055 shares of the investment management company’s stock valued at $196,000 after purchasing an additional 1,000 shares during the last quarter. PFG Investments LLC increased its position in shares of Guggenheim Strategic Opportunities Fund by 1.3% during the first quarter. PFG Investments LLC now owns 80,693 shares of the investment management company’s stock worth $889,000 after buying an additional 1,032 shares during the period. Finally, Mutual Advisors LLC increased its position in shares of Guggenheim Strategic Opportunities Fund by 1.1% during the fourth quarter. Mutual Advisors LLC now owns 95,119 shares of the investment management company’s stock worth $1,225,000 after buying an additional 1,056 shares during the period.

Guggenheim Strategic Opportunities Fund Stock Performance

Shares of NYSE GOF opened at $10.52 on Monday. Guggenheim Strategic Opportunities Fund has a 52-week low of $10.39 and a 52-week high of $15.20. The firm has a 50 day moving average price of $10.89 and a two-hundred day moving average price of $11.50.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.1821 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 20.8%.

Guggenheim Strategic Opportunities Fund Company Profile

Guggenheim Strategic Opportunities Fund (NYSE: GOF) is a closed-end management investment company organized as a diversified, non-diversified or interval fund (as defined under the Investment Company Act of 1940). The fund commenced operations in February 2012 with a primary objective of seeking a high level of total return, consisting of both income and capital appreciation, through a flexible, opportunistic investment approach.

The fund’s core strategy focuses on investing across the capital structure of both debt and equity securities.