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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totalling 38,700 shares, a decline of 37.8% from the February 27th total of 62,200 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 283,200 shares, the short-interest ratio is currently 0.1 days.

Shares of GOF stock traded up $0.03 during midday trading on Thursday, reaching $15.43. 297,222 shares of the company were exchanged, compared to its average volume of 360,402. Guggenheim Strategic Opportunities Fund has a 12 month low of $10.42 and a 12 month high of $21.15. The company’s 50 day moving average price is $17.25 and its two-hundred day moving average price is $18.55.

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.182 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 14.15%.

In other news, insider Randall C. Barnes bought 3,330 shares of Guggenheim Strategic Opportunities Fund stock in a transaction on Friday, December 27th. The stock was purchased at an average cost of $17.98 per share, with a total value of $59,873.40.

Several hedge funds have recently added to or reduced their stakes in the business. Quad Cities Investment Group LLC raised its position in shares of Guggenheim Strategic Opportunities Fund by 7.6% during the 4th quarter. Quad Cities Investment Group LLC now owns 11,118 shares of the investment management company’s stock worth $202,000 after buying an additional 788 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of Guggenheim Strategic Opportunities Fund by 11.2% during the 4th quarter. IHT Wealth Management LLC now owns 12,026 shares of the investment management company’s stock worth $218,000 after buying an additional 1,212 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Guggenheim Strategic Opportunities Fund by 10.5% during the 4th quarter. Cetera Investment Advisers now owns 25,552 shares of the investment management company’s stock worth $463,000 after buying an additional 2,438 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Guggenheim Strategic Opportunities Fund in the 4th quarter worth approximately $15,037,000. Finally, CWM LLC bought a new stake in shares of Guggenheim Strategic Opportunities Fund in the 4th quarter worth approximately $74,000.

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.

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