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

Guggenheim Active Allocation Fund (NYSE:GUG) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 35,942 shares, an increase of 185.4% from the August 31st total of 12,593 shares. Based on an average daily trading volume, of 98,444 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Guggenheim Active Allocation Fund

Large investors have recently made changes to their positions in the business. Concurrent Investment Advisors LLC raised its stake in shares of Guggenheim Active Allocation Fund by 6.0% during the second quarter. Concurrent Investment Advisors LLC now owns 40,738 shares of the company’s stock valued at $651,000 after purchasing an additional 2,317 shares during the period. Wedbush Securities Inc. raised its holdings in shares of Guggenheim Active Allocation Fund by 14.3% during the second quarter. Wedbush Securities Inc. now owns 12,365 shares of the company’s stock worth $198,000 after purchasing an additional 1,550 shares during the period. Bank of America Corp DE boosted its stake in Guggenheim Active Allocation Fund by 3.4% in the first quarter. Bank of America Corp DE now owns 914,964 shares of the company’s stock valued at $13,926,000 after acquiring an additional 29,929 shares during the period. Royal Bank of Canada increased its position in Guggenheim Active Allocation Fund by 3.2% in the first quarter. Royal Bank of Canada now owns 500,014 shares of the company’s stock worth $7,610,000 after buying an additional 15,296 shares during the period. Finally, Cetera Investment Advisers lifted its position in Guggenheim Active Allocation Fund by 59.9% in the 1st quarter. Cetera Investment Advisers now owns 43,694 shares of the company’s stock valued at $665,000 after purchasing an additional 16,361 shares during the last quarter.

Guggenheim Active Allocation Fund Trading Down 0.6%

Shares of NYSE:GUG traded down $0.09 during midday trading on Monday, hitting $13.84. 115,141 shares of the stock were exchanged, compared to its average volume of 86,727. Guggenheim Active Allocation Fund has a twelve month low of $13.75 and a twelve month high of $16.46. The company has a 50 day moving average price of $15.14 and a 200-day moving average price of $15.52.

Guggenheim Active Allocation Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.1187 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.3%.

Guggenheim Active Allocation Fund (NYSE:GUG) is a closed-end investment fund managed by Guggenheim Investments. Rather than operating a conventional business, the fund pools investor capital and seeks to provide total return through a combination of current income and long-term capital appreciation.

The fund uses an actively managed, flexible allocation strategy that may invest across multiple asset classes, including equity securities, fixed-income investments, exchange-traded funds and other investment vehicles.