Guggenheim Active Allocation Fund (NYSE:GUG) Short Interest Down 45.7% in April

Guggenheim Active Allocation Fund (NYSE:GUG) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 38,826 shares, a decline of 45.7% from the April 15th total of 71,448 shares. Based on an average daily trading volume, of 52,327 shares, the days-to-cover ratio is currently 0.7 days.

Insider Buying and Selling at Guggenheim Active Allocation Fund

In related news, insider Randall C. Barnes sold 3,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $15.85, for a total value of $47,550.00. Following the transaction, the insider directly owned 62,322 shares of the company’s stock, valued at approximately $987,803.70. The trade was a 4.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Guggenheim Active Allocation Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. World Investment Advisors raised its stake in Guggenheim Active Allocation Fund by 2.7% in the 4th quarter. World Investment Advisors now owns 30,967 shares of the company’s stock valued at $475,000 after acquiring an additional 811 shares during the period. Closed End Fund Advisors Inc. bought a new stake in Guggenheim Active Allocation Fund in the 4th quarter valued at about $1,692,000. Corrado Advisors LLC raised its stake in Guggenheim Active Allocation Fund by 4.6% in the 4th quarter. Corrado Advisors LLC now owns 180,342 shares of the company’s stock valued at $2,765,000 after acquiring an additional 8,007 shares during the period. Aviance Capital Partners LLC increased its position in shares of Guggenheim Active Allocation Fund by 3.8% during the fourth quarter. Aviance Capital Partners LLC now owns 31,620 shares of the company’s stock valued at $485,000 after buying an additional 1,168 shares during the period. Finally, Golden State Equity Partners increased its position in shares of Guggenheim Active Allocation Fund by 5.2% during the fourth quarter. Golden State Equity Partners now owns 47,694 shares of the company’s stock valued at $731,000 after buying an additional 2,364 shares during the period.

Guggenheim Active Allocation Fund Trading Down 1.1%

Guggenheim Active Allocation Fund stock traded down $0.18 during midday trading on Friday, reaching $15.63. The stock had a trading volume of 56,396 shares, compared to its average volume of 73,686. Guggenheim Active Allocation Fund has a 12 month low of $14.70 and a 12 month high of $16.50. The firm’s 50-day moving average price is $15.53 and its 200 day moving average price is $15.59.

Guggenheim Active Allocation Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.1188 dividend. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Friday, May 15th.

Guggenheim Active Allocation Fund is a diversified, closed-end management investment company trading on the New York Stock Exchange under the ticker symbol GUG. The fund aims to provide a combination of current income and capital appreciation by employing an actively managed, multi-asset strategy. Its investment universe spans global equity securities, fixed-income instruments, convertible securities and derivative instruments, allowing the portfolio to capture opportunities across market cycles and geographic regions.

Employing a dynamic asset allocation framework, the fund’s management team adjusts exposures based on market valuations, economic outlooks and risk assessments.