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

Guggenheim Strategic Opportunities Fund (NYSE:GOF – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.30 and traded as low as $10.65. Guggenheim Strategic Opportunities Fund shares last traded at $10.7180, with a volume of 807,755 shares traded.

Guggenheim Strategic Opportunities Fund Stock Performance

The stock’s 50 day moving average price is $10.75 and its 200-day moving average price is $11.28.

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Guggenheim Strategic Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a dividend of $0.1821 per share. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 20.4%.

Insider Transactions at Guggenheim Strategic Opportunities Fund

In related news, CEO Brian E. Binder bought 4,704 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average cost of $10.63 per share, for a total transaction of $50,003.52. Following the purchase, the chief executive officer directly owned 4,704 shares of the company’s stock, valued at approximately $50,003.52. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of Guggenheim Strategic Opportunities Fund

A number of large investors have recently modified their holdings of GOF. International Assets Investment Management LLC raised its stake in shares of Guggenheim Strategic Opportunities Fund by 5.5% during the 4th quarter. International Assets Investment Management LLC now owns 16,814 shares of the investment management company’s stock valued at $217,000 after buying an additional 874 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Guggenheim Strategic Opportunities Fund by 8.3% in the third quarter. Moors & Cabot Inc. now owns 13,055 shares of the investment management company’s stock worth $196,000 after buying an additional 1,000 shares during the last quarter. PFG Investments LLC grew its holdings in Guggenheim Strategic Opportunities Fund by 1.3% during the first quarter. PFG Investments LLC now owns 80,693 shares of the investment management company’s stock worth $889,000 after acquiring an additional 1,032 shares during the period. Mutual Advisors LLC grew its holdings in Guggenheim Strategic Opportunities Fund by 1.1% during the fourth quarter. Mutual Advisors LLC now owns 95,119 shares of the investment management company’s stock worth $1,225,000 after acquiring an additional 1,056 shares during the period. Finally, Hazlett Burt & Watson Inc. raised its position in Guggenheim Strategic Opportunities Fund by 81.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,455 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 1,100 shares in the last quarter.

Guggenheim Strategic Opportunities Fund Company Profile

(Get Free Report)

Guggenheim Strategic Opportunities Fund (NYSE: GOF) is a closed-end management investment company organized as a diversified, non-diversified or interval fund (as defined under the Investment Company Act of 1940). The fund commenced operations in February 2012 with a primary objective of seeking a high level of total return, consisting of both income and capital appreciation, through a flexible, opportunistic investment approach.

The fund’s core strategy focuses on investing across the capital structure of both debt and equity securities.

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