Guggenheim Active Allocation Fund (NYSE:GUG) Sees Large Growth in Short Interest

Guggenheim Active Allocation Fund (NYSE:GUG) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 38,600 shares, a growth of 401.3% from the February 29th total of 7,700 shares. Based on an average daily volume of 109,100 shares, the short-interest ratio is currently 0.4 days.

Guggenheim Active Allocation Fund Trading Up 0.5 %

Shares of NYSE GUG opened at $14.76 on Thursday. The business has a fifty day moving average price of $14.57. Guggenheim Active Allocation Fund has a 52 week low of $12.71 and a 52 week high of $15.06.

Guggenheim Active Allocation Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.1188 per share. This represents a $1.43 annualized dividend and a dividend yield of 9.65%. The ex-dividend date is Thursday, March 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GUG. BancFirst Trust & Investment Management bought a new position in Guggenheim Active Allocation Fund in the 4th quarter worth $285,000. Raymond James Financial Services Advisors Inc. increased its position in shares of Guggenheim Active Allocation Fund by 89.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 33,537 shares of the company’s stock valued at $492,000 after buying an additional 15,830 shares during the period. International Assets Investment Management LLC bought a new position in Guggenheim Active Allocation Fund in the fourth quarter worth about $645,000. Blue Bell Private Wealth Management LLC purchased a new stake in Guggenheim Active Allocation Fund in the fourth quarter worth about $62,000. Finally, J.W. Cole Advisors Inc. boosted its position in Guggenheim Active Allocation Fund by 70.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 38,101 shares of the company’s stock valued at $559,000 after acquiring an additional 15,741 shares in the last quarter.