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

Guggenheim Strategic Opportunities Fund (NYSE:GOF)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.56 and traded as low as $15.53. Guggenheim Strategic Opportunities Fund shares last traded at $15.58, with a volume of 1,302,660 shares.

Guggenheim Strategic Opportunities Fund Price Performance

The company’s fifty day moving average price is $15.39 and its 200 day moving average price is $15.56.

Guggenheim Strategic Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.1821 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 13.93%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Sheaff Brock Investment Advisors LLC bought a new position in Guggenheim Strategic Opportunities Fund during the third quarter valued at about $161,000. Main Street Financial Solutions LLC increased its stake in Guggenheim Strategic Opportunities Fund by 6.2% in the 3rd quarter. Main Street Financial Solutions LLC now owns 26,318 shares of the investment management company’s stock worth $415,000 after purchasing an additional 1,527 shares in the last quarter. Sigma Planning Corp raised its holdings in Guggenheim Strategic Opportunities Fund by 1.5% during the 3rd quarter. Sigma Planning Corp now owns 76,849 shares of the investment management company’s stock worth $1,211,000 after buying an additional 1,156 shares during the period. Farther Finance Advisors LLC increased its position in shares of Guggenheim Strategic Opportunities Fund by 2,116.1% in the third quarter. Farther Finance Advisors LLC now owns 4,277 shares of the investment management company’s stock worth $67,000 after acquiring an additional 4,084 shares in the last quarter. Finally, Verus Capital Partners LLC raised its holdings in shares of Guggenheim Strategic Opportunities Fund by 36.3% during the third quarter. Verus Capital Partners LLC now owns 720,544 shares of the investment management company’s stock valued at $11,356,000 after acquiring an additional 191,787 shares during the period.

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.