Short Interest in Guggenheim Strategic Opportunities Fund (NYSE:GOF) Drops By 8.0%

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 1,150,000 shares, a drop of 8.0% from the September 15th total of 1,250,000 shares. Based on an average trading volume of 787,100 shares, the short-interest ratio is currently 1.5 days.

Guggenheim Strategic Opportunities Fund Price Performance

Shares of Guggenheim Strategic Opportunities Fund stock traded down $0.01 on Thursday, reaching $15.73. The company had a trading volume of 600,147 shares, compared to its average volume of 726,559. The firm’s 50 day moving average price is $15.56 and its two-hundred day moving average price is $15.05. Guggenheim Strategic Opportunities Fund has a 52-week low of $11.03 and a 52-week high of $15.99.

Guggenheim Strategic Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a $0.1821 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 13.89%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Secure Asset Management LLC boosted its stake in shares of Guggenheim Strategic Opportunities Fund by 0.4% in the third quarter. Secure Asset Management LLC now owns 333,988 shares of the investment management company’s stock valued at $5,264,000 after purchasing an additional 1,284 shares during the period. Quad Cities Investment Group LLC lifted its holdings in Guggenheim Strategic Opportunities Fund by 3.3% during the 3rd quarter. Quad Cities Investment Group LLC now owns 23,312 shares of the investment management company’s stock worth $367,000 after buying an additional 743 shares in the last quarter. NBC Securities Inc. boosted its position in Guggenheim Strategic Opportunities Fund by 566.4% in the 3rd quarter. NBC Securities Inc. now owns 8,183 shares of the investment management company’s stock valued at $128,000 after buying an additional 6,955 shares during the period. Wagner Wealth Management LLC acquired a new position in shares of Guggenheim Strategic Opportunities Fund in the third quarter worth $320,000. Finally, Retirement Planning Group LLC increased its position in shares of Guggenheim Strategic Opportunities Fund by 2.0% during the third quarter. Retirement Planning Group LLC now owns 32,275 shares of the investment management company’s stock worth $509,000 after acquiring an additional 630 shares during the period.

About Guggenheim Strategic Opportunities Fund

Guggenheim Strategic Opportunities Fund is a closed-ended balanced mutual fund launched and managed by Guggenheim Funds Investment Advisors, LLC. The fund is co-managed by Guggenheim Partners Investment Management LLC. It invests in public equity and fixed income markets across the globe. For its equity portion, the fund invests directly and through derivatives such as writing covered call and put options to invest in the stocks of companies operating across diversified sectors.