What is Guggenheim Active Allocation Fund Shares Outstanding (Diluted Average)?
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Guggenheim Active Allocation Fund's average diluted shares outstanding for the quarter that ended in May. 2024 was 32.98 Mil.
Guggenheim Active Allocation Fund Shares Outstanding (Diluted Average) Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Guggenheim Active Allocation Fund Shares Outstanding (Diluted Average) Chart
Guggenheim Active Allocation Fund Annual Data
Trend
May22
May23
May24
Shares Outstanding (Diluted Average)
-
33.89
32.81
Guggenheim Active Allocation Fund Semi-Annual Data
May22
Nov22
May23
Nov23
May24
Shares Outstanding (Diluted Average)
32.99
33.08
34.69
32.86
32.98
Guggenheim Active Allocation Fund Shares Outstanding (Diluted Average) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
Guggenheim Active Allocation Fund (NYSE:GUG) Shares Outstanding (Diluted Average) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Guggenheim Active Allocation Fund Shares Outstanding (Diluted Average) Related Terms
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Guggenheim Active Allocation Fund Business Description
Guggenheim Active Allocation Fund is a diversified closed-end management investment company. The fund's investment objective is to maximize total return through a combination of current income and capital appreciation. The company invests in both fixed-income and other debt instruments selected from a variety of sectors and credit qualities, and may also invest in equities. It uses tactical asset allocation models to determine the optimal allocation of its assets between fixed-income and equity securities. A majority of its investments are made in corporate bonds and the rest in senior floating rate interests, asset-backed securities, preferred stocks, and other securities.
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