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

Guggenheim Active Allocation Fund (NYSE:GUG) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 157,279 shares, a growth of 233.0% from the May 14th total of 47,227 shares. Based on an average daily trading volume, of 121,878 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On Guggenheim Active Allocation Fund

Several hedge funds have recently added to or reduced their stakes in GUG. Royal Bank of Canada boosted its holdings in Guggenheim Active Allocation Fund by 12.0% in the first quarter. Royal Bank of Canada now owns 517,900 shares of the company’s stock worth $7,805,000 after acquiring an additional 55,628 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Guggenheim Active Allocation Fund by 11.9% during the second quarter. Cetera Investment Advisers now owns 21,746 shares of the company’s stock valued at $340,000 after purchasing an additional 2,310 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Guggenheim Active Allocation Fund by 845.3% during the second quarter. JPMorgan Chase & Co. now owns 5,199 shares of the company’s stock valued at $81,000 after purchasing an additional 4,649 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Guggenheim Active Allocation Fund by 27.1% during the second quarter. Invesco Ltd. now owns 60,389 shares of the company’s stock valued at $944,000 after purchasing an additional 12,872 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Guggenheim Active Allocation Fund by 9.7% during the second quarter. Raymond James Financial Inc. now owns 650,002 shares of the company’s stock valued at $10,166,000 after purchasing an additional 57,434 shares in the last quarter.

Guggenheim Active Allocation Fund Price Performance

Shares of GUG traded up $0.12 during mid-day trading on Thursday, hitting $16.23. 49,040 shares of the company’s stock traded hands, compared to its average volume of 78,276. Guggenheim Active Allocation Fund has a 1 year low of $14.70 and a 1 year high of $16.45. The business’s 50-day moving average price is $15.78 and its 200-day moving average price is $15.66.

Guggenheim Active Allocation Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.1188 dividend. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Monday, June 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.