Guggenheim Strategic Opportunities Fund (NYSE:GOF) Short Interest Update

Guggenheim Strategic Opportunities Fund (NYSE:GOF) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,069,666 shares, an increase of 115.9% from the August 15th total of 958,644 shares. Based on an average trading volume of 5,003,607 shares, the days-to-cover ratio is presently 0.4 days.

Insider Buying and Selling at Guggenheim Strategic Opportunities Fund

In related news, CEO Brian E. Binder acquired 4,704 shares of Guggenheim Strategic Opportunities Fund stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $10.63 per share, for a total transaction of $50,003.52. Following the completion of the transaction, the chief executive officer directly owned 4,704 shares of the company’s stock, valued at $50,003.52. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional Trading of Guggenheim Strategic Opportunities Fund

A number of hedge funds have recently bought and sold shares of GOF. LPL Financial LLC raised its holdings in Guggenheim Strategic Opportunities Fund by 6.3% in the 4th quarter. LPL Financial LLC now owns 2,552,235 shares of the investment management company’s stock valued at $32,873,000 after acquiring an additional 151,730 shares during the last quarter. Verus Capital Partners LLC grew its position in shares of Guggenheim Strategic Opportunities Fund by 6.5% in the first quarter. Verus Capital Partners LLC now owns 2,477,088 shares of the investment management company’s stock valued at $27,298,000 after purchasing an additional 150,544 shares during the period. Rivernorth Capital Management LLC grew its position in shares of Guggenheim Strategic Opportunities Fund by 132.6% in the first quarter. Rivernorth Capital Management LLC now owns 1,888,335 shares of the investment management company’s stock valued at $20,809,000 after purchasing an additional 1,076,643 shares during the period. UBS Group AG increased its stake in Guggenheim Strategic Opportunities Fund by 3.8% in the third quarter. UBS Group AG now owns 1,581,195 shares of the investment management company’s stock valued at $23,686,000 after purchasing an additional 58,334 shares during the last quarter. Finally, Invesco Ltd. acquired a new position in Guggenheim Strategic Opportunities Fund in the fourth quarter valued at $17,040,000.

Guggenheim Strategic Opportunities Fund Price Performance

NYSE:GOF traded down $0.17 on Monday, reaching $9.02. The stock had a trading volume of 2,432,772 shares, compared to its average volume of 1,675,772. Guggenheim Strategic Opportunities Fund has a 12-month low of $8.94 and a 12-month high of $15.11. The firm’s fifty day moving average is $10.21 and its two-hundred day moving average is $10.85.

Guggenheim Strategic Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.1821 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 24.2%.

About Guggenheim Strategic Opportunities Fund

Guggenheim Strategic Opportunities Fund (NYSE: GOF) is a closed-end management investment company organized as a diversified, non-diversified or interval fund (as defined under the Investment Company Act of 1940). The fund commenced operations in February 2012 with a primary objective of seeking a high level of total return, consisting of both income and capital appreciation, through a flexible, opportunistic investment approach.

The fund’s core strategy focuses on investing across the capital structure of both debt and equity securities.