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

Guggenheim Active Allocation Fund (NYSE:GUG) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 37,200 shares, an increase of 23.6% from the June 30th total of 30,100 shares. Based on an average daily trading volume, of 75,500 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its position in shares of Guggenheim Active Allocation Fund by 60.2% in the first quarter. Advisors Asset Management Inc. now owns 270,825 shares of the company’s stock valued at $3,984,000 after purchasing an additional 101,817 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Guggenheim Active Allocation Fund by 155.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 85,508 shares of the company’s stock worth $1,258,000 after buying an additional 51,971 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Guggenheim Active Allocation Fund in the fourth quarter worth $645,000. Relative Value Partners Group LLC lifted its position in shares of Guggenheim Active Allocation Fund by 14.5% in the fourth quarter. Relative Value Partners Group LLC now owns 245,733 shares of the company’s stock valued at $3,602,000 after acquiring an additional 31,212 shares in the last quarter. Finally, 1607 Capital Partners LLC boosted its stake in shares of Guggenheim Active Allocation Fund by 36.0% during the fourth quarter. 1607 Capital Partners LLC now owns 74,845 shares of the company’s stock valued at $1,097,000 after acquiring an additional 19,828 shares during the last quarter.

Guggenheim Active Allocation Fund Trading Up 0.8 %

NYSE:GUG traded up $0.13 during trading hours on Tuesday, hitting $15.63. The company’s stock had a trading volume of 55,579 shares, compared to its average volume of 87,406. Guggenheim Active Allocation Fund has a 52-week low of $12.71 and a 52-week high of $15.80. The business’s 50-day moving average is $15.13 and its two-hundred day moving average is $14.76.

Guggenheim Active Allocation Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $0.1188 dividend. This represents a $1.43 annualized dividend and a dividend yield of 9.12%. The ex-dividend date of this dividend is Monday, July 15th.