Guggenheim Strategic Opportunities Fund (NYSE:GOF) Short Interest Up 29.9% in November

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 2,170,000 shares, an increase of 29.9% from the October 31st total of 1,670,000 shares. Based on an average trading volume of 767,800 shares, the days-to-cover ratio is presently 2.8 days.

Guggenheim Strategic Opportunities Fund Price Performance

NYSE GOF opened at $15.80 on Monday. Guggenheim Strategic Opportunities Fund has a 52-week low of $12.59 and a 52-week high of $16.08. The firm has a 50-day moving average price of $15.78 and a 200 day moving average price of $15.35.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.1821 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 13.83%. The ex-dividend date of this dividend was Friday, November 15th.

Institutional Trading of Guggenheim Strategic Opportunities Fund

Several hedge funds have recently modified their holdings of GOF. B. Riley Wealth Advisors Inc. raised its position in Guggenheim Strategic Opportunities Fund by 18.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 40,452 shares of the investment management company’s stock worth $598,000 after acquiring an additional 6,406 shares in the last quarter. Comerica Bank increased its holdings in shares of Guggenheim Strategic Opportunities Fund by 62.3% in the 1st quarter. Comerica Bank now owns 21,309 shares of the investment management company’s stock valued at $305,000 after purchasing an additional 8,183 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Guggenheim Strategic Opportunities Fund by 140.9% in the first quarter. Cetera Investment Advisers now owns 369,509 shares of the investment management company’s stock valued at $5,291,000 after purchasing an additional 216,117 shares during the period. Central Valley Advisors LLC purchased a new stake in Guggenheim Strategic Opportunities Fund during the second quarter worth about $34,000. Finally, Capital CS Group LLC grew its position in Guggenheim Strategic Opportunities Fund by 22.9% during the second quarter. Capital CS Group LLC now owns 17,059 shares of the investment management company’s stock worth $254,000 after buying an additional 3,176 shares during the period.

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.