Guggenheim Active Allocation Fund (NYSE:GUG) Short Interest Update

Guggenheim Active Allocation Fund (NYSE:GUG) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 24,500 shares, a growth of 53.1% from the February 28th total of 16,000 shares. Based on an average daily trading volume, of 97,200 shares, the days-to-cover ratio is presently 0.3 days.

Guggenheim Active Allocation Fund Price Performance

Shares of GUG traded down $0.12 during mid-day trading on Monday, reaching $15.06. 98,006 shares of the company were exchanged, compared to its average volume of 83,994. The business has a 50 day simple moving average of $15.48 and a two-hundred day simple moving average of $15.61. Guggenheim Active Allocation Fund has a 52 week low of $13.93 and a 52 week high of $16.88.

Guggenheim Active Allocation Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.46%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

A number of hedge funds have recently bought and sold shares of GUG. JPMorgan Chase & Co. bought a new stake in Guggenheim Active Allocation Fund during the third quarter valued at $63,000. Avior Wealth Management LLC boosted its position in shares of Guggenheim Active Allocation Fund by 53.6% during the 4th quarter. Avior Wealth Management LLC now owns 5,479 shares of the company’s stock valued at $81,000 after purchasing an additional 1,913 shares in the last quarter. SouthState Corp bought a new stake in shares of Guggenheim Active Allocation Fund during the 4th quarter valued at 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 worth $144,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in Guggenheim Active Allocation Fund in the fourth quarter worth approximately $176,000.