Guggenheim Active Allocation Fund (NYSE:GUG) Sees Large Drop in Short Interest
by Doug Wharley · The Cerbat GemGuggenheim Active Allocation Fund (NYSE:GUG – Get Free Report) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 38,826 shares, a decline of 45.7% from the April 15th total of 71,448 shares. Based on an average daily trading volume, of 52,327 shares, the days-to-cover ratio is currently 0.7 days.
Guggenheim Active Allocation Fund Stock Performance
Shares of GUG stock traded down $0.19 on Monday, hitting $15.46. The company had a trading volume of 30,823 shares, compared to its average volume of 73,229. The company has a 50-day moving average price of $15.53 and a 200-day moving average price of $15.58. Guggenheim Active Allocation Fund has a twelve month low of $14.70 and a twelve month high of $16.50.
Guggenheim Active Allocation Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.1188 per share. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%.
Insider Activity
In other news, insider Randall C. Barnes sold 3,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $15.85, for a total value of $47,550.00. Following the completion of the transaction, the insider owned 62,322 shares of the company’s stock, valued at $987,803.70. The trade was a 4.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Institutional Investors Weigh In On Guggenheim Active Allocation Fund
Institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. grew its position in shares of Guggenheim Active Allocation Fund by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock valued at $47,000 after acquiring an additional 1,500 shares during the period. JPMorgan Chase & Co. grew its position in shares of Guggenheim Active Allocation Fund by 845.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,199 shares of the company’s stock valued at $81,000 after acquiring an additional 4,649 shares during the period. XTX Topco Ltd acquired a new stake in shares of Guggenheim Active Allocation Fund during the 4th quarter valued at about $166,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Guggenheim Active Allocation Fund during the 2nd quarter valued at about $179,000. Finally, High Net Worth Advisory Group LLC acquired a new stake in shares of Guggenheim Active Allocation Fund during the 4th quarter valued at about $190,000.
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.