Guggenheim Strategic Opportunities Fund (NYSE:GOF) Sees Large Increase in Short Interest

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 440,824 shares, an increase of 463.6% from the June 30th total of 78,213 shares. Based on an average daily volume of 1,159,212 shares, the short-interest ratio is currently 0.4 days.

Insider Transactions at Guggenheim Strategic Opportunities Fund

In other news, insider Thomas F. Lydon, Jr. purchased 8,710 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $11.45 per share, with a total value of $99,729.50. Following the purchase, the insider directly owned 8,710 shares of the company’s stock, valued at approximately $99,729.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian E. Binder purchased 4,704 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average cost of $10.63 per share, with a total value of $50,003.52. Following the completion of the purchase, the chief executive officer directly owned 4,704 shares in the company, valued at approximately $50,003.52. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Hazlett Burt & Watson Inc. boosted its holdings in Guggenheim Strategic Opportunities Fund by 81.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,455 shares of the investment management company’s stock worth $31,000 after purchasing an additional 1,100 shares in the last quarter. CENTRAL TRUST Co bought a new position in Guggenheim Strategic Opportunities Fund during the first quarter valued at about $28,000. Allied Private Wealth LLC acquired a new stake in shares of Guggenheim Strategic Opportunities Fund in the second quarter worth about $43,000. Advisory Services Network LLC acquired a new stake in shares of Guggenheim Strategic Opportunities Fund in the third quarter worth about $84,000. Finally, Triumph Capital Management acquired a new stake in shares of Guggenheim Strategic Opportunities Fund in the third quarter worth about $85,000.

Guggenheim Strategic Opportunities Fund Trading Up 0.6%

NYSE:GOF traded up $0.07 during mid-day trading on Friday, reaching $10.51. The stock had a trading volume of 1,073,136 shares, compared to its average volume of 1,427,652. The business’s 50 day moving average is $10.89 and its 200 day moving average is $11.51. Guggenheim Strategic Opportunities Fund has a fifty-two week low of $10.39 and a fifty-two week high of $15.20.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a $0.1821 dividend. This represents a c) annualized dividend and a yield of 20.8%. The ex-dividend date of this dividend is Wednesday, July 15th.

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.