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

Guggenheim Active Allocation Fund (NYSE:GUG) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 26,815 shares, a drop of 80.7% from the July 15th total of 139,188 shares. Based on an average daily volume of 98,423 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position in Guggenheim Active Allocation Fund by 12.0% in the 1st quarter. Royal Bank of Canada now owns 517,900 shares of the company’s stock valued at $7,805,000 after acquiring an additional 55,628 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Guggenheim Active Allocation Fund by 11.9% in 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 during the period. JPMorgan Chase & Co. boosted its stake in shares of Guggenheim Active Allocation Fund by 845.3% in 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 during the period. Invesco Ltd. grew its holdings in shares of Guggenheim Active Allocation Fund by 27.1% in 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. grew its holdings in shares of Guggenheim Active Allocation Fund by 9.7% in 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 Stock Down 0.2%

Guggenheim Active Allocation Fund stock traded down $0.03 during trading on Thursday, hitting $15.42. The company had a trading volume of 107,455 shares, compared to its average volume of 79,739. Guggenheim Active Allocation Fund has a 1-year low of $14.70 and a 1-year high of $16.46. The company’s 50 day simple moving average is $15.78 and its 200-day simple moving average is $15.75.

Guggenheim Active Allocation Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.1188 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%.

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.