Short Interest in Guggenheim Active Allocation Fund (NYSE:GUG) Declines By 55.0%

Guggenheim Active Allocation Fund (NYSE:GUG) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 12,065 shares, a decline of 55.0% from the July 30th total of 26,815 shares. Based on an average daily trading volume, of 84,330 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in shares of Guggenheim Active Allocation Fund by 49.7% during the 2nd quarter. Bank of America Corp DE now owns 920,711 shares of the company’s stock valued at $14,400,000 after buying an additional 305,677 shares during the period. Pathstone Holdings LLC increased its stake in shares of Guggenheim Active Allocation Fund by 16.4% in the third quarter. Pathstone Holdings LLC now owns 897,526 shares of the company’s stock worth $14,001,000 after acquiring an additional 126,657 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Guggenheim Active Allocation Fund by 4.0% during the third quarter. Raymond James Financial Inc. now owns 676,297 shares of the company’s stock worth $10,550,000 after acquiring an additional 26,295 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Guggenheim Active Allocation Fund by 12.0% during the first quarter. Royal Bank of Canada now owns 517,900 shares of the company’s stock worth $7,805,000 after acquiring an additional 55,628 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Guggenheim Active Allocation Fund by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 276,495 shares of the company’s stock valued at $4,239,000 after purchasing an additional 723 shares during the last quarter.

Guggenheim Active Allocation Fund Stock Down 0.5%

Guggenheim Active Allocation Fund stock traded down $0.07 during mid-day trading on Monday, hitting $15.14. The company’s stock had a trading volume of 52,920 shares, compared to its average volume of 83,606. Guggenheim Active Allocation Fund has a 52-week low of $14.66 and a 52-week high of $16.46. The firm’s 50 day moving average is $15.61 and its 200 day moving average is $15.69.

Guggenheim Active Allocation Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a dividend of $0.1188 per share. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Friday, August 14th.

Guggenheim Active Allocation Fund is a diversified, closed-end management investment company trading on the New York Stock Exchange under the ticker symbol GUG. The fund aims to provide a combination of current income and capital appreciation by employing an actively managed, multi-asset strategy. Its investment universe spans global equity securities, fixed-income instruments, convertible securities and derivative instruments, allowing the portfolio to capture opportunities across market cycles and geographic regions.

Employing a dynamic asset allocation framework, the fund’s management team adjusts exposures based on market valuations, economic outlooks and risk assessments.