Short Interest in Guggenheim Active Allocation Fund (NYSE:GUG) Decreases By 80.7%

Guggenheim Active Allocation Fund (NYSE:GUG) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 26,815 shares, a drop of 80.7% from the July 15th total of 139,188 shares. Based on an average daily trading volume, of 98,423 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its position in Guggenheim Active Allocation Fund by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock valued at $47,000 after buying an additional 1,500 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Guggenheim Active Allocation Fund by 845.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,199 shares of the company’s stock valued at $81,000 after acquiring an additional 4,649 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Guggenheim Active Allocation Fund in the 4th quarter valued at $166,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Guggenheim Active Allocation Fund during the 2nd quarter valued at $179,000. Finally, 1607 Capital Partners LLC acquired a new stake in shares of Guggenheim Active Allocation Fund during the 4th quarter valued at $193,000.

Guggenheim Active Allocation Fund Trading Up 0.6%

Guggenheim Active Allocation Fund stock opened at $15.49 on Wednesday. Guggenheim Active Allocation Fund has a 12-month low of $14.70 and a 12-month high of $16.46. The business’s 50-day moving average price is $15.80 and its two-hundred day moving average price is $15.75.

Guggenheim Active Allocation Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a dividend of $0.1188 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 9.2%.

Guggenheim Active Allocation Fund is a diversified, closed-end management investment company trading on the New York Stock Exchange under the ticker symbol GUG. The fund aims to provide a combination of current income and capital appreciation by employing an actively managed, multi-asset strategy. Its investment universe spans global equity securities, fixed-income instruments, convertible securities and derivative instruments, allowing the portfolio to capture opportunities across market cycles and geographic regions.

Employing a dynamic asset allocation framework, the fund’s management team adjusts exposures based on market valuations, economic outlooks and risk assessments.