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

Guggenheim Active Allocation Fund (NYSE:GUG) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 157,279 shares, an increase of 233.0% from the May 14th total of 47,227 shares. Based on an average daily trading volume, of 121,878 shares, the days-to-cover ratio is currently 1.3 days.

Guggenheim Active Allocation Fund Price Performance

Shares of NYSE:GUG traded up $0.12 on Thursday, hitting $16.23. The company had a trading volume of 49,040 shares, compared to its average volume of 78,276. Guggenheim Active Allocation Fund has a 1-year low of $14.70 and a 1-year high of $16.45. The stock has a 50 day moving average price of $15.78 and a 200 day moving average price of $15.66.

Guggenheim Active Allocation Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.1188 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date is Monday, June 15th.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

Several large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its position in Guggenheim Active Allocation Fund by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock worth $47,000 after buying an additional 1,500 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Guggenheim Active Allocation Fund by 845.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,199 shares of the company’s stock worth $81,000 after purchasing an additional 4,649 shares during the period. XTX Topco Ltd purchased a new position in Guggenheim Active Allocation Fund in the 4th quarter worth approximately $166,000. Orion Porfolio Solutions LLC purchased a new position in Guggenheim Active Allocation Fund in the 2nd quarter worth approximately $179,000. Finally, High Net Worth Advisory Group LLC purchased a new position in Guggenheim Active Allocation Fund in the 4th quarter worth approximately $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.