Short Interest in Guggenheim Active Allocation Fund (NYSE:GUG) Decreases By 49.6%

Guggenheim Active Allocation Fund (NYSE:GUG) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 38,400 shares, a drop of 49.6% from the January 31st total of 76,200 shares. Based on an average daily volume of 106,800 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

A number of large investors have recently modified their holdings of the company. Baird Financial Group Inc. boosted its position in shares of Guggenheim Active Allocation Fund by 5.9% in the fourth quarter. Baird Financial Group Inc. now owns 735,643 shares of the company’s stock valued at $10,939,000 after acquiring an additional 40,723 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Guggenheim Active Allocation Fund by 22.2% in the fourth quarter. Advisors Asset Management Inc. now owns 595,115 shares of the company’s stock valued at $8,849,000 after acquiring an additional 108,044 shares during the period. Raymond James Financial Inc. bought a new position in shares of Guggenheim Active Allocation Fund in the fourth quarter valued at approximately $7,535,000. Penserra Capital Management LLC bought a new position in shares of Guggenheim Active Allocation Fund in the third quarter valued at approximately $4,951,000. Finally, Raymond James & Associates boosted its position in shares of Guggenheim Active Allocation Fund by 48.0% in the third quarter. Raymond James & Associates now owns 249,825 shares of the company’s stock valued at $4,135,000 after acquiring an additional 81,042 shares during the period.

Guggenheim Active Allocation Fund Price Performance

Shares of GUG traded up $0.24 during trading hours on Friday, hitting $15.72. The company’s stock had a trading volume of 85,059 shares, compared to its average volume of 96,599. The business has a 50 day simple moving average of $15.36 and a two-hundred day simple moving average of $15.68. Guggenheim Active Allocation Fund has a 52-week low of $13.93 and a 52-week high of $16.88.

Guggenheim Active Allocation Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.1188 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.06%.