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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,570,000 shares, a decline of 41.9% from the March 31st total of 2,700,000 shares. Based on an average daily trading volume, of 1,236,700 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. PSI Advisors LLC raised its position in Guggenheim Strategic Opportunities Fund by 56.6% in the first quarter. PSI Advisors LLC now owns 2,270 shares of the investment management company’s stock worth $35,000 after acquiring an additional 820 shares in the last quarter. Garde Capital Inc. purchased a new stake in shares of Guggenheim Strategic Opportunities Fund during the 1st quarter worth approximately $35,000. Anfield Capital Management LLC purchased a new stake in shares of Guggenheim Strategic Opportunities Fund during the 4th quarter worth approximately $56,000. Transcendent Capital Group LLC grew its holdings in shares of Guggenheim Strategic Opportunities Fund by 66.7% in the 4th quarter. Transcendent Capital Group LLC now owns 5,000 shares of the investment management company’s stock worth $76,000 after acquiring an additional 2,000 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new position in Guggenheim Strategic Opportunities Fund in the 4th quarter valued at approximately $107,000.

Guggenheim Strategic Opportunities Fund Trading Up 0.1 %

GOF stock opened at $14.46 on Thursday. The company has a fifty day moving average price of $15.11 and a 200 day moving average price of $15.40. Guggenheim Strategic Opportunities Fund has a 12 month low of $12.26 and a 12 month high of $16.08.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were issued a $0.1821 dividend. This represents a $2.19 annualized dividend and a dividend yield of 15.11%. The ex-dividend date was Tuesday, April 15th.

Guggenheim Strategic Opportunities Fund Company Profile

Guggenheim Strategic Opportunities Fund is a closed-ended balanced mutual fund launched and managed by Guggenheim Funds Investment Advisors, LLC. The fund is co-managed by Guggenheim Partners Investment Management LLC. It invests in public equity and fixed income markets across the globe. For its equity portion, the fund invests directly and through derivatives such as writing covered call and put options to invest in the stocks of companies operating across diversified sectors.