Guggenheim Active Allocation Fund (NYSE:GUG) Sees Significant Increase in Short Interest

Guggenheim Active Allocation Fund (NYSE:GUG) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 24,500 shares, a growth of 53.1% from the February 28th total of 16,000 shares. Based on an average daily trading volume, of 97,200 shares, the days-to-cover ratio is presently 0.3 days.

Guggenheim Active Allocation Fund Stock Up 1.6 %

Shares of GUG stock traded up $0.24 during trading hours on Tuesday, reaching $15.31. 43,791 shares of the stock were exchanged, compared to its average volume of 83,847. The business’s fifty day moving average is $15.48 and its two-hundred day moving average is $15.60. Guggenheim Active Allocation Fund has a 12-month low of $13.93 and a 12-month high of $16.88.

Guggenheim Active Allocation Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.31%. The ex-dividend date of this dividend was Friday, March 14th.

Institutional Investors Weigh In On Guggenheim Active Allocation Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in Guggenheim Active Allocation Fund in the third quarter valued at $63,000. Avior Wealth Management LLC increased its holdings in shares of Guggenheim Active Allocation Fund by 53.6% in the 4th quarter. Avior Wealth Management LLC now owns 5,479 shares of the company’s stock valued at $81,000 after acquiring an additional 1,913 shares during the last quarter. SouthState Corp acquired a new stake in shares of Guggenheim Active Allocation Fund during the 4th quarter worth about $125,000. Steward Partners Investment Advisory LLC lifted its stake in Guggenheim Active Allocation Fund by 94.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,664 shares of the company’s stock worth $144,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in Guggenheim Active Allocation Fund during the fourth quarter worth approximately $176,000.