Short Interest in Guggenheim Strategic Opportunities Fund (NYSE:GOF) Expands By 115.9%

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 2,069,666 shares, a growth 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.

Insiders Place Their Bets

In other news, CEO Brian E. Binder purchased 4,704 shares of the stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average price of $10.63 per share, with a total value of $50,003.52. Following the completion of the transaction, the chief executive officer owned 4,704 shares in the company, valued at approximately $50,003.52. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund

Several institutional investors have recently bought and sold shares of the business. Hazlett Burt & Watson Inc. increased its position in shares of Guggenheim Strategic Opportunities Fund by 81.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,455 shares of the investment management company’s stock worth $31,000 after acquiring an additional 1,100 shares in the last quarter. CENTRAL TRUST Co acquired a new position in shares of Guggenheim Strategic Opportunities Fund during the 1st quarter valued at $28,000. Allied Private Wealth LLC purchased a new stake in Guggenheim Strategic Opportunities Fund during the 2nd quarter worth $43,000. IFP Advisors Inc boosted its position in Guggenheim Strategic Opportunities Fund by 228.4% during the 2nd quarter. IFP Advisors Inc now owns 4,414 shares of the investment management company’s stock worth $48,000 after purchasing an additional 3,070 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in Guggenheim Strategic Opportunities Fund in the 3rd quarter valued at $84,000.

Guggenheim Strategic Opportunities Fund Stock Performance

Shares of NYSE GOF traded down $0.17 during midday trading on Monday, hitting $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 1-year low of $8.94 and a 1-year high of $15.11. The company has a fifty day moving average price of $10.21 and a 200 day moving average price of $10.85.

Guggenheim Strategic Opportunities Fund Announces Dividend

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

Guggenheim Strategic Opportunities Fund Company Profile

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.