Guggenheim Strategic Opportunities Fund (NYSE:GOF) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Guggenheim Strategic Opportunities Fund (NYSE:GOF) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.53 and traded as low as $12.10. Guggenheim Strategic Opportunities Fund shares last traded at $12.1550, with a volume of 1,095,210 shares traded.

Guggenheim Strategic Opportunities Fund Stock Performance

The business’s 50 day simple moving average is $12.58 and its two-hundred day simple moving average is $13.53.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.1821 per share. This represents a c) dividend on an annualized basis and a yield of 18.0%. The ex-dividend date is Friday, February 13th.

Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund

Large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of Guggenheim Strategic Opportunities Fund by 3.0% in the 1st quarter. Royal Bank of Canada now owns 618,447 shares of the investment management company’s stock worth $9,629,000 after purchasing an additional 17,893 shares during the period. Stratos Wealth Partners LTD. raised its position in Guggenheim Strategic Opportunities Fund by 2.9% in the second quarter. Stratos Wealth Partners LTD. now owns 42,331 shares of the investment management company’s stock worth $630,000 after acquiring an additional 1,191 shares during the period. Retirement Planning Group LLC boosted its stake in shares of Guggenheim Strategic Opportunities Fund by 31.0% during the 2nd quarter. Retirement Planning Group LLC now owns 115,420 shares of the investment management company’s stock worth $1,719,000 after acquiring an additional 27,290 shares during the last quarter. WFA Asset Management Corp boosted its stake in shares of Guggenheim Strategic Opportunities Fund by 28.9% during the 2nd quarter. WFA Asset Management Corp now owns 21,660 shares of the investment management company’s stock worth $323,000 after acquiring an additional 4,861 shares during the last quarter. Finally, Moloney Securities Asset Management LLC grew its position in shares of Guggenheim Strategic Opportunities Fund by 24.9% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 17,825 shares of the investment management company’s stock valued at $265,000 after acquiring an additional 3,559 shares during the period.

About Guggenheim Strategic Opportunities Fund

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.