Short Interest in Guggenheim Active Allocation Fund (NYSE:GUG) Drops By 88.9%

Guggenheim Active Allocation Fund (NYSE:GUG) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 6,000 shares, a drop of 88.9% from the November 15th total of 54,200 shares. Based on an average daily trading volume, of 84,600 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Guggenheim Active Allocation Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its holdings in shares of Guggenheim Active Allocation Fund by 27.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 487,071 shares of the company’s stock worth $8,061,000 after acquiring an additional 104,264 shares during the period. Penserra Capital Management LLC purchased a new position in Guggenheim Active Allocation Fund during the third quarter worth about $4,951,000. Raymond James & Associates raised its stake in Guggenheim Active Allocation Fund by 48.0% during the third quarter. Raymond James & Associates now owns 249,825 shares of the company’s stock worth $4,135,000 after purchasing an additional 81,042 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of Guggenheim Active Allocation Fund by 5.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 110,723 shares of the company’s stock valued at $1,653,000 after buying an additional 5,393 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Guggenheim Active Allocation Fund in the 3rd quarter valued at approximately $1,130,000.

Guggenheim Active Allocation Fund Price Performance

Guggenheim Active Allocation Fund stock traded up $0.05 during trading on Wednesday, reaching $15.62. The company had a trading volume of 118,278 shares, compared to its average volume of 84,623. The firm’s 50-day simple moving average is $15.82 and its 200 day simple moving average is $15.62. Guggenheim Active Allocation Fund has a 1-year low of $13.82 and a 1-year high of $16.88.

Guggenheim Active Allocation Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.1188 dividend. The ex-dividend date is Friday, December 13th.