Guggenheim Strategic Opportunities Fund (NYSE:GOF) Short Interest Down 88.8% in June

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 78,213 shares, a drop of 88.8% from the June 15th total of 699,667 shares. Based on an average daily volume of 1,795,136 shares, the days-to-cover ratio is currently 0.0 days.

Guggenheim Strategic Opportunities Fund Price Performance

Shares of GOF traded up $0.01 during mid-day trading on Friday, hitting $10.91. 704,247 shares of the company’s stock were exchanged, compared to its average volume of 1,415,652. Guggenheim Strategic Opportunities Fund has a 52 week low of $10.50 and a 52 week high of $15.20. The company has a 50-day simple moving average of $11.05 and a 200 day simple moving average of $11.64.

Guggenheim Strategic Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a $0.1821 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 20.0%.

Insider Transactions at Guggenheim Strategic Opportunities Fund

In other news, CEO Brian E. Binder acquired 4,704 shares of Guggenheim Strategic Opportunities Fund stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost of $10.63 per share, with a total value 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 approximately $50,003.52. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas F. Lydon, Jr. acquired 8,710 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average price of $11.45 per share, with a total value of $99,729.50. Following the completion of the acquisition, the insider owned 8,710 shares of the company’s stock, valued at $99,729.50. This represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing.

Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in shares of Guggenheim Strategic Opportunities Fund by 3.0% in the 1st quarter. Royal Bank of Canada now owns 618,447 shares of the investment management company’s stock valued at $9,629,000 after acquiring an additional 17,893 shares in the last quarter. Baird Financial Group Inc. raised its holdings in Guggenheim Strategic Opportunities Fund by 11.1% during the second quarter. Baird Financial Group Inc. now owns 199,877 shares of the investment management company’s stock worth $2,976,000 after acquiring an additional 19,952 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Guggenheim Strategic Opportunities Fund by 2.4% during the second quarter. NewEdge Advisors LLC now owns 107,752 shares of the investment management company’s stock worth $1,604,000 after acquiring an additional 2,552 shares in the last quarter. Bank of America Corp DE boosted its position in Guggenheim Strategic Opportunities Fund by 4.0% during the second quarter. Bank of America Corp DE now owns 551,009 shares of the investment management company’s stock valued at $8,205,000 after purchasing an additional 21,357 shares during the last quarter. Finally, Great Valley Advisor Group Inc. boosted its position in Guggenheim Strategic Opportunities Fund by 14.2% during the second quarter. Great Valley Advisor Group Inc. now owns 149,327 shares of the investment management company’s stock valued at $2,223,000 after purchasing an additional 18,556 shares during the last quarter.

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.