Guggenheim Strategic Opportunities Fund (NYSE:GOF) Sees Significant Increase in Short Interest

Guggenheim Strategic Opportunities Fund (NYSE:GOF) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 3,000,000 shares, an increase of 36.4% from the February 28th total of 2,200,000 shares. Based on an average trading volume of 984,000 shares, the days-to-cover ratio is currently 3.0 days.

Guggenheim Strategic Opportunities Fund Price Performance

Shares of NYSE GOF opened at $15.52 on Wednesday. Guggenheim Strategic Opportunities Fund has a 12-month low of $13.68 and a 12-month high of $16.08. The stock’s 50 day simple moving average is $15.58 and its 200 day simple moving average is $15.61.

Guggenheim Strategic Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.1821 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 14.08%. The ex-dividend date was Friday, March 14th.

Hedge Funds Weigh In On Guggenheim Strategic Opportunities Fund

A number of institutional investors and hedge funds have recently bought and sold shares of GOF. Anfield Capital Management LLC acquired a new stake in shares of Guggenheim Strategic Opportunities Fund in the 4th quarter worth approximately $56,000. FSA Wealth Management LLC bought a new stake in Guggenheim Strategic Opportunities Fund during the third quarter worth approximately $74,000. Transcendent Capital Group LLC lifted its position in Guggenheim Strategic Opportunities Fund by 66.7% in the fourth quarter. Transcendent Capital Group LLC now owns 5,000 shares of the investment management company’s stock worth $76,000 after purchasing an additional 2,000 shares during the period. Mpwm Advisory Solutions LLC bought a new position in Guggenheim Strategic Opportunities Fund during the 4th quarter valued at $107,000. Finally, Uniting Wealth Partners LLC acquired a new position in shares of Guggenheim Strategic Opportunities Fund during the 4th quarter valued at $153,000.

Guggenheim Strategic Opportunities Fund Company Profile

Guggenheim Strategic Opportunities Fund is a closed-ended balanced mutual fund launched and managed by Guggenheim Funds Investment Advisors, LLC. The fund is co-managed by Guggenheim Partners Investment Management LLC. It invests in public equity and fixed income markets across the globe. For its equity portion, the fund invests directly and through derivatives such as writing covered call and put options to invest in the stocks of companies operating across diversified sectors.