Guggenheim Strategic Opportunities Fund (NYSE:GOF) Short Interest Down 88.8% in June

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 78,213 shares, a decrease of 88.8% from the June 15th total of 699,667 shares. Based on an average daily volume of 1,795,136 shares, the short-interest ratio is presently 0.0 days.

Insider Buying and Selling

In related news, CEO Brian E. Binder bought 4,704 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of $10.63 per share, for a total transaction of $50,003.52. Following the completion of the transaction, the chief executive officer directly owned 4,704 shares of the company’s stock, valued at approximately $50,003.52. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas F. Lydon, Jr. bought 8,710 shares of the firm’s stock in a transaction 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 purchase, the insider owned 8,710 shares of the company’s stock, valued at approximately $99,729.50. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Trading of Guggenheim Strategic Opportunities Fund

Several hedge funds and other institutional investors have recently made changes to their positions in GOF. LPL Financial LLC raised its holdings in Guggenheim Strategic Opportunities Fund by 6.3% in the 4th quarter. LPL Financial LLC now owns 2,552,235 shares of the investment management company’s stock valued at $32,873,000 after buying an additional 151,730 shares during the last quarter. Verus Capital Partners LLC boosted its position in Guggenheim Strategic Opportunities Fund by 6.5% during the 1st quarter. Verus Capital Partners LLC now owns 2,477,088 shares of the investment management company’s stock worth $27,298,000 after buying an additional 150,544 shares during the period. Rivernorth Capital Management LLC grew its holdings in Guggenheim Strategic Opportunities Fund by 132.6% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,888,335 shares of the investment management company’s stock worth $20,809,000 after acquiring an additional 1,076,643 shares during the last quarter. UBS Group AG grew its holdings in Guggenheim Strategic Opportunities Fund by 7.0% during the 4th quarter. UBS Group AG now owns 1,692,259 shares of the investment management company’s stock worth $21,796,000 after acquiring an additional 111,064 shares during the last quarter. Finally, Invesco Ltd. acquired a new position in Guggenheim Strategic Opportunities Fund in the 4th quarter valued at approximately $17,040,000.

Guggenheim Strategic Opportunities Fund Trading Up 0.0%

GOF stock traded up $0.01 during midday trading on Friday, reaching $10.91. 704,213 shares of the stock were exchanged, compared to its average volume of 1,415,642. Guggenheim Strategic Opportunities Fund has a 52 week low of $10.50 and a 52 week high of $15.20. The company has a fifty day moving average price of $11.05 and a 200 day moving average price of $11.65.

Guggenheim Strategic Opportunities Fund Announces Dividend

The company 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 dividend of $0.1821 per share. This represents a c) dividend on an annualized basis and a dividend yield of 20.0%. The ex-dividend date of this dividend is Wednesday, July 15th.

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.