Guggenheim Strategic Opportunities Fund (NYSE:GOF) Stock Crosses Below 200-Day Moving Average – Here’s Why

Guggenheim Strategic Opportunities Fund (NYSE:GOF) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.48 and traded as low as $15.23. Guggenheim Strategic Opportunities Fund shares last traded at $15.26, with a volume of 808,853 shares traded.

Guggenheim Strategic Opportunities Fund Trading Up 0.3 %

The firm has a 50-day moving average of $15.64 and a 200 day moving average of $15.47.

Guggenheim Strategic Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.1821 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.19 annualized dividend and a dividend yield of 14.27%.

Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its holdings in Guggenheim Strategic Opportunities Fund by 6.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 458,009 shares of the investment management company’s stock valued at $6,829,000 after purchasing an additional 27,771 shares during the last quarter. Midland Wealth Advisors LLC acquired a new stake in shares of Guggenheim Strategic Opportunities Fund during the 2nd quarter worth about $310,000. Strategic Financial Concepts LLC boosted its holdings in shares of Guggenheim Strategic Opportunities Fund by 1,166.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 326,060 shares of the investment management company’s stock worth $50,000 after buying an additional 300,306 shares during the period. Ausdal Financial Partners Inc. boosted its holdings in shares of Guggenheim Strategic Opportunities Fund by 69.2% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 43,252 shares of the investment management company’s stock worth $645,000 after buying an additional 17,686 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Guggenheim Strategic Opportunities Fund in the 2nd quarter valued at about $37,000.

Guggenheim Strategic Opportunities Fund Company Profile

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.