Guggenheim Active Allocation Fund (NYSE:GUG) Sees Large Increase in Short Interest

Guggenheim Active Allocation Fund (NYSE:GUG) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 33,100 shares, a growth of 35.1% from the March 15th total of 24,500 shares. Based on an average daily trading volume, of 88,600 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Guggenheim Active Allocation Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in Guggenheim Active Allocation Fund during the 3rd quarter worth approximately $63,000. Avior Wealth Management LLC raised its holdings in shares of Guggenheim Active Allocation Fund by 53.6% during the fourth quarter. Avior Wealth Management LLC now owns 5,479 shares of the company’s stock worth $81,000 after purchasing an additional 1,913 shares during the last quarter. SouthState Corp acquired a new position in Guggenheim Active Allocation Fund during the fourth quarter valued at $125,000. Steward Partners Investment Advisory LLC grew its position in Guggenheim Active Allocation Fund by 94.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,664 shares of the company’s stock worth $144,000 after purchasing an additional 4,700 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Guggenheim Active Allocation Fund during the 4th quarter valued at about $176,000.

Guggenheim Active Allocation Fund Price Performance

NYSE GUG opened at $14.40 on Monday. The stock’s fifty day moving average price is $15.08 and its 200 day moving average price is $15.38. Guggenheim Active Allocation Fund has a 1 year low of $13.90 and a 1 year high of $16.88.

Guggenheim Active Allocation Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.90%. The ex-dividend date of this dividend is Tuesday, April 15th.