Short Interest in Guggenheim Strategic Opportunities Fund (NYSE:GOF) Expands By 54.9%

Guggenheim Strategic Opportunities Fund (NYSE:GOF) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 2,200,000 shares, a growth of 54.9% from the January 31st total of 1,420,000 shares. Based on an average daily volume of 907,700 shares, the short-interest ratio is currently 2.4 days.

Guggenheim Strategic Opportunities Fund Stock Performance

Shares of GOF stock traded up $0.17 during mid-day trading on Friday, hitting $15.74. The company’s stock had a trading volume of 1,111,804 shares, compared to its average volume of 964,961. The company’s fifty day simple moving average is $15.40 and its 200-day simple moving average is $15.56. Guggenheim Strategic Opportunities Fund has a 52 week low of $13.66 and a 52 week high of $16.08.

Guggenheim Strategic Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.1821 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.19 dividend on an annualized basis and a yield of 13.89%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GOF. Raymond James Financial Inc. bought a new position in Guggenheim Strategic Opportunities Fund during the 4th quarter valued at $9,720,000. Verus Capital Partners LLC increased its holdings in Guggenheim Strategic Opportunities Fund by 53.3% during the fourth quarter. Verus Capital Partners LLC now owns 1,104,801 shares of the investment management company’s stock worth $16,859,000 after buying an additional 384,257 shares during the last quarter. Strategic Financial Concepts LLC raised its position in Guggenheim Strategic Opportunities Fund by 1,517.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 323,082 shares of the investment management company’s stock worth $4,930,000 after acquiring an additional 303,111 shares during the period. Illumine Investment Management LLC purchased a new position in Guggenheim Strategic Opportunities Fund in the fourth quarter valued at about $2,647,000. Finally, Bank of America Corp DE grew its position in shares of Guggenheim Strategic Opportunities Fund by 28.3% during the 4th quarter. Bank of America Corp DE now owns 576,317 shares of the investment management company’s stock valued at $8,795,000 after acquiring an additional 127,181 shares during the period.

About Guggenheim Strategic Opportunities Fund

Guggenheim Strategic Opportunities Fund is a closed-ended balanced mutual fund launched and managed by Guggenheim Funds Investment Advisors, LLC. The fund is co-managed by Guggenheim Partners Investment Management LLC. It invests in public equity and fixed income markets across the globe. For its equity portion, the fund invests directly and through derivatives such as writing covered call and put options to invest in the stocks of companies operating across diversified sectors.