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

Guggenheim Active Allocation Fund (NYSE:GUG) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 12,065 shares, a drop of 55.0% from the July 30th total of 26,815 shares. Based on an average daily volume of 84,330 shares, the short-interest ratio is presently 0.1 days.

Guggenheim Active Allocation Fund Trading Up 1.1%

Shares of Guggenheim Active Allocation Fund stock traded up $0.17 during trading hours on Friday, reaching $15.21. 75,993 shares of the company’s stock were exchanged, compared to its average volume of 83,814. The company has a 50 day moving average of $15.61 and a two-hundred day moving average of $15.69. Guggenheim Active Allocation Fund has a fifty-two week low of $14.66 and a fifty-two week high of $16.46.

Guggenheim Active Allocation Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a dividend of $0.1188 per share. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Trading of Guggenheim Active Allocation Fund

A number of hedge funds have recently made changes to their positions in the business. Concurrent Investment Advisors LLC increased its holdings in shares of Guggenheim Active Allocation Fund by 6.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 40,738 shares of the company’s stock worth $651,000 after acquiring an additional 2,317 shares during the last quarter. Wedbush Securities Inc. boosted its position in Guggenheim Active Allocation Fund by 14.3% during the second quarter. Wedbush Securities Inc. now owns 12,365 shares of the company’s stock worth $198,000 after purchasing an additional 1,550 shares during the period. Bank of America Corp DE increased its holdings in shares of Guggenheim Active Allocation Fund by 3.4% in the first quarter. Bank of America Corp DE now owns 914,964 shares of the company’s stock valued at $13,926,000 after purchasing an additional 29,929 shares during the last quarter. Royal Bank of Canada raised its position in shares of 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 valued at $7,610,000 after purchasing an additional 15,296 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of Guggenheim Active Allocation Fund by 59.9% during the 1st quarter. Cetera Investment Advisers now owns 43,694 shares of the company’s stock worth $665,000 after buying an additional 16,361 shares during the last quarter.

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.