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

Guggenheim Strategic Opportunities Fund (NYSE:GOF)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.19 and traded as low as $14.81. Guggenheim Strategic Opportunities Fund shares last traded at $14.85, with a volume of 692,530 shares trading hands.

Guggenheim Strategic Opportunities Fund Stock Performance

The company has a 50-day simple moving average of $14.51 and a 200-day simple moving average of $15.18.

Guggenheim Strategic Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.1821 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.19 annualized dividend and a dividend yield of 14.72%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Pin Oak Investment Advisors Inc. boosted its position in shares of Guggenheim Strategic Opportunities Fund by 31.6% during 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 period. PSI Advisors LLC grew its position in shares of Guggenheim Strategic Opportunities Fund by 56.6% during the 1st quarter. PSI Advisors LLC now owns 2,270 shares of the investment management company’s stock worth $35,000 after buying an additional 820 shares in the last quarter. Wedbush Securities Inc. grew its position in shares of Guggenheim Strategic Opportunities Fund by 0.8% during the 1st quarter. Wedbush Securities Inc. now owns 181,194 shares of the investment management company’s stock worth $2,821,000 after buying an additional 1,499 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its position in shares of Guggenheim Strategic Opportunities Fund by 13.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 13,673 shares of the investment management company’s stock worth $209,000 after buying an additional 1,668 shares in the last quarter. Finally, Choreo LLC grew its position in shares of Guggenheim Strategic Opportunities Fund by 3.1% during the 4th quarter. Choreo LLC now owns 57,033 shares of the investment management company’s stock worth $870,000 after buying an additional 1,725 shares in the last quarter.

About Guggenheim Strategic Opportunities Fund

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.