Guggenheim Strategic Opportunities Fund (NYSE:GOF) Short Interest Up 116.3% in July

Guggenheim Strategic Opportunities Fund (NYSE:GOF) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 953,518 shares, a growth of 116.3% from the July 15th total of 440,824 shares. Based on an average daily volume of 1,472,304 shares, the days-to-cover ratio is presently 0.6 days.

Guggenheim Strategic Opportunities Fund Trading Down 2.1%

Shares of GOF stock traded down $0.23 during mid-day trading on Friday, reaching $10.46. The company’s stock had a trading volume of 1,201,926 shares, compared to its average volume of 1,397,799. Guggenheim Strategic Opportunities Fund has a 1-year low of $10.36 and a 1-year high of $15.16. The firm’s 50-day moving average is $10.73 and its two-hundred day moving average is $11.26.

Guggenheim Strategic Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a $0.1821 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 20.9%.

Insider Activity

In other news, CEO Brian E. Binder bought 4,704 shares of Guggenheim Strategic Opportunities Fund stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of $10.63 per share, with a total value of $50,003.52. Following the completion of the transaction, the chief executive officer directly owned 4,704 shares in the company, valued at $50,003.52. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Petra Financial Advisors Inc. grew its stake in shares of Guggenheim Strategic Opportunities Fund by 2.4% in the 1st quarter. Petra Financial Advisors Inc. now owns 469,379 shares of the investment management company’s stock valued at $5,173,000 after purchasing an additional 11,063 shares during the period. Apollon Wealth Management LLC lifted its position in shares of Guggenheim Strategic Opportunities Fund by 4.3% during the 1st quarter. Apollon Wealth Management LLC now owns 32,807 shares of the investment management company’s stock worth $362,000 after buying an additional 1,362 shares during the period. Bauman Advisory Group LLC bought a new position in shares of Guggenheim Strategic Opportunities Fund during the 4th quarter worth approximately $266,000. Richmond Brothers Inc. boosted its stake in Guggenheim Strategic Opportunities Fund by 4.9% in the 4th quarter. Richmond Brothers Inc. now owns 240,545 shares of the investment management company’s stock valued at $3,098,000 after buying an additional 11,217 shares in the last quarter. Finally, J.W. Cole Advisors Inc. boosted its stake in Guggenheim Strategic Opportunities Fund by 70.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 76,193 shares of the investment management company’s stock valued at $937,000 after buying an additional 31,436 shares in the last quarter.

About Guggenheim Strategic Opportunities Fund

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.