Guggenheim Strategic Opportunities Fund (NYSE:GOF) Short Interest Up 115.9% in August

Guggenheim Strategic Opportunities Fund (NYSE:GOF) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,069,666 shares, a growth of 115.9% from the August 15th total of 958,644 shares. Based on an average daily trading volume, of 5,003,607 shares, the short-interest ratio is currently 0.4 days.

Guggenheim Strategic Opportunities Fund Trading Down 4.4%

Shares of GOF stock opened at $8.63 on Wednesday. The stock has a 50 day moving average of $10.13 and a two-hundred day moving average of $10.80. Guggenheim Strategic Opportunities Fund has a 12 month low of $8.53 and a 12 month high of $15.11.

Guggenheim Strategic Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.1821 per share. This represents a c) annualized dividend and a yield of 25.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Insider Buying and Selling

In related news, CEO Brian E. Binder purchased 4,704 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of $10.63 per share, for a total transaction of $50,003.52. Following the purchase, the chief executive officer owned 4,704 shares in the company, valued at $50,003.52. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Trading of Guggenheim Strategic Opportunities Fund

Several hedge funds have recently added to or reduced their stakes in GOF. CENTRAL TRUST Co acquired a new stake in shares of Guggenheim Strategic Opportunities Fund in the first quarter valued at about $28,000. Hazlett Burt & Watson Inc. lifted its position in Guggenheim Strategic Opportunities Fund by 81.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,455 shares of the investment management company’s stock worth $31,000 after acquiring an additional 1,100 shares during the last quarter. Allied Private Wealth LLC bought a new stake in Guggenheim Strategic Opportunities Fund in the 2nd quarter valued at $43,000. IFP Advisors Inc boosted its holdings in Guggenheim Strategic Opportunities Fund by 228.4% in the 2nd quarter. IFP Advisors Inc now owns 4,414 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 3,070 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in shares of Guggenheim Strategic Opportunities Fund by 81.1% during the 1st quarter. Sunbelt Securities Inc. now owns 10,068 shares of the investment management company’s stock worth $111,000 after purchasing an additional 4,509 shares in the last quarter.

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.