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

Guggenheim Active Allocation Fund (NYSE:GUG) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 160,800 shares, a growth of 164.5% from the August 31st total of 60,800 shares. Based on an average daily volume of 81,500 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of Guggenheim Active Allocation Fund

A number of institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in Guggenheim Active Allocation Fund by 60.2% during the 1st quarter. Advisors Asset Management Inc. now owns 270,825 shares of the company’s stock valued at $3,984,000 after purchasing an additional 101,817 shares during the period. PFG Investments LLC bought a new stake in shares of Guggenheim Active Allocation Fund in the 2nd quarter worth approximately $476,000. Relative Value Partners Group LLC increased its stake in shares of Guggenheim Active Allocation Fund by 14.5% during the fourth quarter. Relative Value Partners Group LLC now owns 245,733 shares of the company’s stock valued at $3,602,000 after buying an additional 31,212 shares during the period. 1607 Capital Partners LLC raised its holdings in shares of Guggenheim Active Allocation Fund by 36.0% during the fourth quarter. 1607 Capital Partners LLC now owns 74,845 shares of the company’s stock valued at $1,097,000 after acquiring an additional 19,828 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Guggenheim Active Allocation Fund by 12.9% in the second quarter. Raymond James & Associates now owns 168,783 shares of the company’s stock worth $2,520,000 after acquiring an additional 19,297 shares during the period.

Guggenheim Active Allocation Fund Stock Down 0.1 %

Shares of NYSE GUG traded down $0.02 during mid-day trading on Friday, hitting $16.29. The stock had a trading volume of 64,892 shares, compared to its average volume of 85,882. The business has a 50 day moving average price of $15.81 and a two-hundred day moving average price of $15.17. Guggenheim Active Allocation Fund has a 1 year low of $12.71 and a 1 year high of $16.88.

Guggenheim Active Allocation Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date of this dividend is Friday, September 13th.