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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.55 and traded as low as $13.35. Guggenheim Strategic Opportunities Fund shares last traded at $14.68, with a volume of 2,731,788 shares traded.

Guggenheim Strategic Opportunities Fund Price Performance

The firm’s 50-day simple moving average is $15.48 and its 200 day simple moving average is $15.55.

Guggenheim Strategic Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.1821 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $2.19 annualized dividend and a dividend yield of 14.89%.

Hedge Funds Weigh In On Guggenheim Strategic Opportunities Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOF. Raymond James Financial Inc. bought a new position in Guggenheim Strategic Opportunities Fund in the 4th quarter worth about $9,720,000. Verus Capital Partners LLC lifted its holdings in shares of Guggenheim Strategic Opportunities Fund by 53.3% during the 4th quarter. Verus Capital Partners LLC now owns 1,104,801 shares of the investment management company’s stock worth $16,859,000 after acquiring an additional 384,257 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of Guggenheim Strategic Opportunities Fund by 1,517.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 323,082 shares of the investment management company’s stock worth $4,930,000 after purchasing an additional 303,111 shares in the last quarter. Illumine Investment Management LLC purchased a new position in shares of Guggenheim Strategic Opportunities Fund in the 4th quarter worth about $2,647,000. Finally, Bank of America Corp DE grew its position in Guggenheim Strategic Opportunities Fund by 28.3% during the fourth quarter. Bank of America Corp DE now owns 576,317 shares of the investment management company’s stock valued at $8,795,000 after acquiring an additional 127,181 shares during 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.