Guggenheim Enhanced Equity Income Fund (NYSE:GPM) Short Interest Update

Guggenheim Enhanced Equity Income Fund (NYSE:GPM) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 27,400 shares, a decrease of 78.5% from the September 15th total of 127,600 shares. Based on an average daily volume of 188,400 shares, the days-to-cover ratio is currently 0.1 days.

GPM stock traded up $0.15 during trading on Thursday, hitting $10.13. 9,649 shares of the company traded hands, compared to its average volume of 210,119. Guggenheim Enhanced Equity Income Fund has a 1 year low of $5.33 and a 1 year high of $10.24. The company has a 50-day moving average of $9.52 and a 200-day moving average of $8.76.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.74%. The ex-dividend date was Tuesday, September 14th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its position in shares of Guggenheim Enhanced Equity Income Fund by 1.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 124,323 shares of the investment management company’s stock worth $1,070,000 after acquiring an additional 1,419 shares in the last quarter. National Asset Management Inc. increased its position in Guggenheim Enhanced Equity Income Fund by 4.0% during the 2nd quarter. National Asset Management Inc. now owns 37,900 shares of the investment management company’s stock valued at $327,000 after buying an additional 1,469 shares in the last quarter. Advisory Services Network LLC bought a new position in Guggenheim Enhanced Equity Income Fund during the 2nd quarter valued at approximately $33,000. Arkadios Wealth Advisors increased its position in Guggenheim Enhanced Equity Income Fund by 724.3% during the 2nd quarter. Arkadios Wealth Advisors now owns 4,855 shares of the investment management company’s stock valued at $41,000 after buying an additional 4,266 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Guggenheim Enhanced Equity Income Fund by 31.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 36,290 shares of the investment management company’s stock valued at $312,000 after buying an additional 8,668 shares in the last quarter.

About Guggenheim Enhanced Equity Income Fund

Guggenheim Enhanced Equity Income Fund is a closed ended equity mutual fund launched and managed by Guggenheim Partners Investment Management, LLC. It is co-managed by Guggenheim Funds Investment Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.

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