Guggenheim Strategic Opportunities Fund (NYSE:GOF) Short Interest Up 125.5% in May

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 782,071 shares, an increase of 125.5% from the April 30th total of 346,757 shares. Based on an average daily volume of 1,368,522 shares, the days-to-cover ratio is presently 0.6 days.

Guggenheim Strategic Opportunities Fund Stock Down 0.4%

GOF stock traded down $0.05 during midday trading on Monday, reaching $11.16. The company had a trading volume of 1,249,380 shares, compared to its average volume of 1,421,135. The stock has a 50 day moving average price of $11.22 and a 200-day moving average price of $11.92. Guggenheim Strategic Opportunities Fund has a 1-year low of $10.54 and a 1-year high of $15.20.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.1821 dividend. This represents a c) dividend on an annualized basis and a yield of 19.6%. The ex-dividend date of this dividend was Friday, May 15th.

Insider Transactions at Guggenheim Strategic Opportunities Fund

In related news, insider Thomas F. Lydon, Jr. purchased 8,710 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $11.45 per share, with a total value of $99,729.50. Following the completion of the purchase, the insider directly owned 8,710 shares in the company, valued at $99,729.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Randall C. Barnes purchased 4,180 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $11.59 per share, with a total value of $48,446.20. Following the purchase, the insider owned 6,231 shares of the company’s stock, valued at $72,217.29. This represents a 203.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 13,110 shares of company stock valued at $150,682.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC grew its position in Guggenheim Strategic Opportunities Fund by 6.3% in the fourth quarter. LPL Financial LLC now owns 2,552,235 shares of the investment management company’s stock valued at $32,873,000 after acquiring an additional 151,730 shares during the last quarter. Verus Capital Partners LLC grew its position in Guggenheim Strategic Opportunities Fund by 6.5% in the first quarter. Verus Capital Partners LLC now owns 2,477,088 shares of the investment management company’s stock valued at $27,298,000 after acquiring an additional 150,544 shares during the last quarter. Rivernorth Capital Management LLC grew its position in Guggenheim Strategic Opportunities Fund by 132.6% in the first quarter. Rivernorth Capital Management LLC now owns 1,888,335 shares of the investment management company’s stock valued at $20,809,000 after acquiring an additional 1,076,643 shares during the last quarter. UBS Group AG grew its position in Guggenheim Strategic Opportunities Fund by 7.0% in the fourth quarter. UBS Group AG now owns 1,692,259 shares of the investment management company’s stock valued at $21,796,000 after acquiring an additional 111,064 shares during the last quarter. Finally, Invesco Ltd. bought a new position in Guggenheim Strategic Opportunities Fund in the fourth quarter valued at about $17,040,000.

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.