Guggenheim Strategic Opportunities Fund (NYSE:GOF) Short Interest Update

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 782,071 shares, an increase of 125.5% from the April 30th total of 346,757 shares. Based on an average daily volume of 1,368,522 shares, the days-to-cover ratio is presently 0.6 days.

Guggenheim Strategic Opportunities Fund Trading Down 0.9%

Shares of GOF traded down $0.11 during trading hours on Tuesday, hitting $11.10. The stock had a trading volume of 1,249,380 shares, compared to its average volume of 1,421,135. The company’s fifty day simple moving average is $11.22 and its 200 day simple moving average is $11.92. Guggenheim Strategic Opportunities Fund has a 12-month low of $10.54 and a 12-month high of $15.20.

Guggenheim Strategic Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.1821 per share. This represents a c) dividend on an annualized basis and a yield of 19.7%. The ex-dividend date of this dividend is Monday, June 15th.

Insider Transactions at Guggenheim Strategic Opportunities Fund

In related news, insider Thomas F. Lydon, Jr. acquired 8,710 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of $11.45 per share, for a total transaction of $99,729.50. Following the transaction, the insider owned 8,710 shares in the company, valued at $99,729.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Randall C. Barnes purchased 4,180 shares of Guggenheim Strategic Opportunities Fund stock in a transaction on Friday, March 6th. The shares were acquired at an average cost of $11.59 per share, for a total transaction of $48,446.20. Following the purchase, the insider owned 6,231 shares in the company, valued at approximately $72,217.29. This trade represents a 203.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 13,110 shares of company stock valued at $150,682.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted its position in Guggenheim Strategic Opportunities Fund by 6.3% during the fourth quarter. LPL Financial LLC now owns 2,552,235 shares of the investment management company’s stock valued at $32,873,000 after buying an additional 151,730 shares in the last quarter. Verus Capital Partners LLC lifted its position in Guggenheim Strategic Opportunities Fund by 6.5% during the first quarter. Verus Capital Partners LLC now owns 2,477,088 shares of the investment management company’s stock valued at $27,298,000 after buying an additional 150,544 shares in the last quarter. Rivernorth Capital Management LLC lifted its position in Guggenheim Strategic Opportunities Fund by 132.6% during the first quarter. Rivernorth Capital Management LLC now owns 1,888,335 shares of the investment management company’s stock valued at $20,809,000 after buying an additional 1,076,643 shares in the last quarter. UBS Group AG lifted its position in Guggenheim Strategic Opportunities Fund by 7.0% during the fourth quarter. UBS Group AG now owns 1,692,259 shares of the investment management company’s stock valued at $21,796,000 after buying an additional 111,064 shares in the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of Guggenheim Strategic Opportunities Fund in the fourth quarter worth about $17,040,000.

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.