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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.56 and traded as low as $11.96. Guggenheim Strategic Opportunities Fund shares last traded at $11.9750, with a volume of 2,492,220 shares changing hands.

Guggenheim Strategic Opportunities Fund Stock Performance

The firm has a 50 day moving average price of $14.08 and a two-hundred day moving average price of $14.56.

Guggenheim Strategic Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a $0.1821 dividend. This represents a c) annualized dividend and a dividend yield of 18.2%. The ex-dividend date is Friday, November 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC bought a new stake in shares of Guggenheim Strategic Opportunities Fund during the 2nd quarter valued at about $288,109,000. Verus Capital Partners LLC grew its stake in shares of Guggenheim Strategic Opportunities Fund by 21.0% during the 3rd quarter. Verus Capital Partners LLC now owns 2,271,410 shares of the investment management company’s stock valued at $34,026,000 after purchasing an additional 394,180 shares during the period. LPL Financial LLC raised its holdings in Guggenheim Strategic Opportunities Fund by 13.5% in the 1st quarter. LPL Financial LLC now owns 1,943,464 shares of the investment management company’s stock worth $30,260,000 after purchasing an additional 231,224 shares during the period. UBS Group AG increased its stake in Guggenheim Strategic Opportunities Fund by 3.8% in the 3rd quarter. UBS Group AG now owns 1,581,195 shares of the investment management company’s stock worth $23,686,000 after buying an additional 58,334 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Guggenheim Strategic Opportunities Fund by 82.8% during the 1st quarter. Raymond James Financial Inc. now owns 1,164,597 shares of the investment management company’s stock valued at $18,133,000 after buying an additional 527,632 shares in the last quarter.

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.