Guggenheim Strategic Opportunities Fund (NYSE:GOF) Sees Large Increase 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 daily trading volume, of 1,159,212 shares, the days-to-cover ratio is presently 0.4 days.

Insider Buying and Selling at Guggenheim Strategic Opportunities Fund

In other Guggenheim Strategic Opportunities Fund news, insider Thomas F. Lydon, Jr. acquired 8,710 shares of the stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $11.45 per share, with a total value of $99,729.50. Following the transaction, the insider owned 8,710 shares in the company, valued at $99,729.50. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian E. Binder acquired 4,704 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of $10.63 per share, for a total transaction of $50,003.52. Following the acquisition, the chief executive officer owned 4,704 shares in the company, valued at approximately $50,003.52. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information.

Institutional Trading of Guggenheim Strategic Opportunities Fund

A number of large investors have recently made changes to their positions in the company. Focus Financial Network Inc. grew its stake in Guggenheim Strategic Opportunities Fund by 1.9% during the 2nd quarter. Focus Financial Network Inc. now owns 70,645 shares of the investment management company’s stock worth $771,000 after buying an additional 1,346 shares during the last quarter. Allied Private Wealth LLC acquired a new stake in shares of Guggenheim Strategic Opportunities Fund in the second quarter valued at approximately $43,000. Mallini Complete Financial Planning LLC boosted its holdings in shares of Guggenheim Strategic Opportunities Fund by 10.0% in the second quarter. Mallini Complete Financial Planning LLC now owns 55,467 shares of the investment management company’s stock valued at $606,000 after acquiring an additional 5,049 shares during the period. Dynamic Advisor Solutions LLC grew its position in shares of Guggenheim Strategic Opportunities Fund by 10.0% during the second quarter. Dynamic Advisor Solutions LLC now owns 108,583 shares of the investment management company’s stock worth $1,186,000 after acquiring an additional 9,906 shares during the last quarter. Finally, CoreCap Advisors LLC grew its position in shares of Guggenheim Strategic Opportunities Fund by 14.4% during the second quarter. CoreCap Advisors LLC now owns 23,764 shares of the investment management company’s stock worth $260,000 after acquiring an additional 3,000 shares during the last quarter.

Guggenheim Strategic Opportunities Fund Stock Performance

Guggenheim Strategic Opportunities Fund stock traded up $0.07 during mid-day trading on Friday, hitting $10.51. The company had a trading volume of 1,073,136 shares, compared to its average volume of 1,427,652. Guggenheim Strategic Opportunities Fund has a 1 year low of $10.39 and a 1 year high of $15.20. The business has a fifty day moving average of $10.89 and a 200 day moving average of $11.51.

Guggenheim Strategic Opportunities Fund Announces Dividend

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

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.