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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.39 and traded as low as $10.47. Guggenheim Strategic Opportunities Fund shares last traded at $10.4950, with a volume of 1,228,064 shares traded.

Guggenheim Strategic Opportunities Fund Stock Up 0.5%

The business has a 50 day simple moving average of $10.80 and a 200-day simple moving average of $11.36.

Guggenheim Strategic Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a $0.1821 dividend. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a yield of 20.7%.

Insider Buying and Selling at Guggenheim Strategic Opportunities Fund

In other Guggenheim Strategic Opportunities Fund news, CEO Brian E. Binder bought 4,704 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average cost of $10.63 per share, for a total transaction of $50,003.52. Following the transaction, the chief executive officer directly owned 4,704 shares in the company, valued at $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 accessible through this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. bought a new stake in shares of Guggenheim Strategic Opportunities Fund during the fourth quarter valued at about $17,040,000. Rivernorth Capital Management LLC increased its stake in Guggenheim Strategic Opportunities Fund by 132.6% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,888,335 shares of the investment management company’s stock valued at $20,809,000 after buying an additional 1,076,643 shares during the period. Thomas J. Herzfeld Advisors Inc. acquired a new position in Guggenheim Strategic Opportunities Fund during the 4th quarter valued at about $11,943,000. Cohen & Steers Inc. raised its position in shares of Guggenheim Strategic Opportunities Fund by 129.2% during the 4th quarter. Cohen & Steers Inc. now owns 771,789 shares of the investment management company’s stock worth $9,941,000 after buying an additional 435,000 shares in the last quarter. Finally, Kera Capital Partners Inc. bought a new stake in Guggenheim Strategic Opportunities Fund during the fourth quarter worth approximately $4,637,000.

Guggenheim Strategic Opportunities Fund Company Profile

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.