Guggenheim Strategic Opportunities Fund (NYSE:GOF) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Guggenheim Strategic Opportunities Fund (NYSE:GOF) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.64 and traded as low as $13.12. Guggenheim Strategic Opportunities Fund shares last traded at $13.2850, with a volume of 1,051,272 shares traded.

Guggenheim Strategic Opportunities Fund Stock Performance

The stock’s 50-day moving average is $14.38 and its 200 day moving average is $14.64.

Guggenheim Strategic Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.1821 per share. This represents a c) annualized dividend and a dividend yield of 16.4%. The ex-dividend date is Friday, November 14th.

Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund

Institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its stake in Guggenheim Strategic Opportunities Fund by 21.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 427,909 shares of the investment management company’s stock worth $6,663,000 after purchasing an additional 76,072 shares in the last quarter. Flynn Zito Capital Management LLC grew its holdings in shares of Guggenheim Strategic Opportunities Fund by 201.3% during the first quarter. Flynn Zito Capital Management LLC now owns 44,504 shares of the investment management company’s stock valued at $693,000 after buying an additional 29,733 shares during the last quarter. Choreo LLC increased its position in shares of Guggenheim Strategic Opportunities Fund by 21.5% in the 1st quarter. Choreo LLC now owns 69,301 shares of the investment management company’s stock valued at $1,079,000 after acquiring an additional 12,268 shares during the period. Wedbush Securities Inc. lifted its position in Guggenheim Strategic Opportunities Fund by 0.8% during the 1st quarter. Wedbush Securities Inc. now owns 181,194 shares of the investment management company’s stock worth $2,821,000 after acquiring an additional 1,499 shares during the period. Finally, AE Wealth Management LLC grew its stake in Guggenheim Strategic Opportunities Fund by 8.0% during the 1st quarter. AE Wealth Management LLC now owns 23,239 shares of the investment management company’s stock valued at $362,000 after purchasing an additional 1,727 shares during the last quarter.

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.