Guggenheim Active Allocation Fund (NYSE:GUG) Short Interest Update

by · The Cerbat Gem

Guggenheim Active Allocation Fund (NYSE:GUG – Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 35,942 shares, an increase of 185.4% from the August 31st total of 12,593 shares. Based on an average daily trading volume, of 98,444 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of Guggenheim Active Allocation Fund by 3.4% during the 1st quarter. Bank of America Corp DE now owns 914,964 shares of the company’s stock valued at $13,926,000 after buying an additional 29,929 shares in the last quarter. Royal Bank of Canada boosted its stake in Guggenheim Active Allocation Fund by 3.2% in the first quarter. Royal Bank of Canada now owns 500,014 shares of the company’s stock worth $7,610,000 after buying an additional 15,296 shares in the last quarter. Corrado Advisors LLC boosted its stake in Guggenheim Active Allocation Fund by 4.6% in the fourth quarter. Corrado Advisors LLC now owns 180,342 shares of the company’s stock worth $2,765,000 after buying an additional 8,007 shares in the last quarter. Closed End Fund Advisors Inc. bought a new position in Guggenheim Active Allocation Fund during the fourth quarter valued at approximately $1,692,000. Finally, Ascentis Independent Advisors grew its position in Guggenheim Active Allocation Fund by 1.9% during the first quarter. Ascentis Independent Advisors now owns 48,577 shares of the company’s stock valued at $739,000 after acquiring an additional 883 shares during the last quarter.

Guggenheim Active Allocation Fund Stock Performance

Shares of NYSE GUG traded up $0.10 during mid-day trading on Friday, reaching $13.89. 123,370 shares of the company were exchanged, compared to its average volume of 86,595. Guggenheim Active Allocation Fund has a 52 week low of $13.75 and a 52 week high of $16.46. The company’s 50 day moving average price is $15.14 and its 200 day moving average price is $15.52.

Guggenheim Active Allocation Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.1187 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.42 annualized dividend and a yield of 10.3%.

Guggenheim Active Allocation Fund is a diversified, closed-end management investment company trading on the New York Stock Exchange under the ticker symbol GUG. The fund aims to provide a combination of current income and capital appreciation by employing an actively managed, multi-asset strategy. Its investment universe spans global equity securities, fixed-income instruments, convertible securities and derivative instruments, allowing the portfolio to capture opportunities across market cycles and geographic regions.

Employing a dynamic asset allocation framework, the fund’s management team adjusts exposures based on market valuations, economic outlooks and risk assessments.

Featured Stories