Guggenheim Active Allocation Fund (NYSE:GUG) Short Interest Update

Guggenheim Active Allocation Fund (NYSE:GUGGet Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 33,100 shares, an increase of 35.1% from the March 15th total of 24,500 shares. Based on an average trading volume of 88,600 shares, the days-to-cover ratio is currently 0.4 days.

Guggenheim Active Allocation Fund Stock Up 0.7 %

GUG opened at $14.40 on Friday. Guggenheim Active Allocation Fund has a 52 week low of $13.90 and a 52 week high of $16.88. The business’s 50 day moving average is $15.08 and its two-hundred day moving average is $15.40.

Guggenheim Active Allocation Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GUG. Raymond James Financial Inc. acquired a new stake in shares of Guggenheim Active Allocation Fund in the fourth quarter valued at about $7,535,000. Independent Advisor Alliance acquired a new stake in Guggenheim Active Allocation Fund during the fourth quarter worth approximately $239,000. Advisors Asset Management Inc. lifted its position in Guggenheim Active Allocation Fund by 22.2% during the fourth quarter. Advisors Asset Management Inc. now owns 595,115 shares of the company’s stock worth $8,849,000 after buying an additional 108,044 shares during the period. SouthState Corp purchased a new stake in Guggenheim Active Allocation Fund in the fourth quarter valued at approximately $125,000. Finally, Steward Partners Investment Advisory LLC increased its stake in Guggenheim Active Allocation Fund by 94.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,664 shares of the company’s stock worth $144,000 after acquiring an additional 4,700 shares during the last quarter.

Further Reading

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