Guggenheim Active Allocation Fund (NYSE:GUG) Short Interest Down 55.0% in August

by · The Markets Daily

Guggenheim Active Allocation Fund (NYSE:GUG – Get Free Report) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 12,065 shares, a decline of 55.0% from the July 30th total of 26,815 shares. Based on an average daily trading volume, of 84,330 shares, the short-interest ratio is currently 0.1 days.

Guggenheim Active Allocation Fund Price Performance

Shares of GUG stock traded up $0.17 on Friday, hitting $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 200 day moving average of $15.69. Guggenheim Active Allocation Fund has a 12 month low of $14.66 and a 12 month high of $16.46.

Guggenheim Active Allocation Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of Guggenheim Active Allocation Fund by 49.7% in the 2nd quarter. Bank of America Corp DE now owns 920,711 shares of the company’s stock valued at $14,400,000 after purchasing an additional 305,677 shares in the last quarter. Pathstone Holdings LLC lifted its stake in Guggenheim Active Allocation Fund by 16.4% in the 3rd quarter. Pathstone Holdings LLC now owns 897,526 shares of the company’s stock valued at $14,001,000 after purchasing an additional 126,657 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Guggenheim Active Allocation Fund by 4.0% in the 3rd quarter. Raymond James Financial Inc. now owns 676,297 shares of the company’s stock valued at $10,550,000 after purchasing an additional 26,295 shares during the last quarter. Royal Bank of Canada boosted its position in Guggenheim Active Allocation Fund by 12.0% in the first quarter. Royal Bank of Canada now owns 517,900 shares of the company’s stock valued at $7,805,000 after buying an additional 55,628 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Guggenheim Active Allocation Fund by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 276,495 shares of the company’s stock valued at $4,239,000 after buying an additional 723 shares in 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.

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