Short Interest in Guggenheim Active Allocation Fund (NYSE:GUG) Rises By 401.3%

Guggenheim Active Allocation Fund (NYSE:GUG) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 38,600 shares, a growth of 401.3% from the February 29th total of 7,700 shares. Based on an average trading volume of 109,100 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

Several institutional investors have recently modified their holdings of the business. Nomura Holdings Inc. bought a new stake in shares of Guggenheim Active Allocation Fund in the fourth quarter valued at $247,000. Baird Financial Group Inc. boosted its holdings in shares of Guggenheim Active Allocation Fund by 100.3% in the 4th quarter. Baird Financial Group Inc. now owns 413,797 shares of the company’s stock worth $6,066,000 after purchasing an additional 207,221 shares in the last quarter. Royal Bank of Canada grew its position in Guggenheim Active Allocation Fund by 1,500.6% during the fourth quarter. Royal Bank of Canada now owns 1,324,730 shares of the company’s stock valued at $19,420,000 after acquiring an additional 1,241,964 shares during the last quarter. Pathstone Holdings LLC purchased a new position in Guggenheim Active Allocation Fund in the 4th quarter worth $2,177,000. Finally, LM Advisors LLC bought a new stake in shares of Guggenheim Active Allocation Fund in the 4th quarter valued at about $144,000.

Guggenheim Active Allocation Fund Price Performance

GUG stock opened at $14.66 on Friday. The company’s 50-day moving average is $14.59. Guggenheim Active Allocation Fund has a 52-week low of $12.71 and a 52-week high of $15.06.

Guggenheim Active Allocation Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.1188 per share. This represents a $1.43 annualized dividend and a yield of 9.72%. The ex-dividend date is Thursday, March 14th.