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

Shares of 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 changing hands.

Guggenheim Strategic Opportunities Fund Price Performance

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

Guggenheim Strategic Opportunities Fund Announces Dividend

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

Hedge Funds Weigh In On Guggenheim Strategic Opportunities Fund

A number of institutional investors and hedge funds have recently made changes to their positions in GOF. Aspect Partners LLC purchased a new stake in shares of Guggenheim Strategic Opportunities Fund during the third quarter worth approximately $27,000. Iron Horse Wealth Management LLC purchased a new stake in shares of Guggenheim Strategic Opportunities Fund during the 2nd quarter worth $30,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Guggenheim Strategic Opportunities Fund during the second quarter worth $33,000. Pin Oak Investment Advisors Inc. increased its holdings in Guggenheim Strategic Opportunities Fund by 31.6% in the first quarter. Pin Oak Investment Advisors Inc. now owns 3,016 shares of the investment management company’s stock valued at $48,000 after buying an additional 724 shares during the last quarter. Finally, Motco purchased a new position in Guggenheim Strategic Opportunities Fund in the first quarter valued at $62,000.

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.