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

Shares of Guggenheim Strategic Opportunities Fund (NYSE:GOF) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.52 and traded as low as $15.27. Guggenheim Strategic Opportunities Fund shares last traded at $15.31, with a volume of 761,588 shares traded.

Guggenheim Strategic Opportunities Fund Price Performance

The business’s 50 day moving average is $15.51 and its two-hundred day moving average is $15.53.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.1821 per share. The ex-dividend date is Wednesday, January 15th. This represents a $2.19 annualized dividend and a yield of 14.16%.

Hedge Funds Weigh In On Guggenheim Strategic Opportunities Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fortitude Family Office LLC bought a new position in Guggenheim Strategic Opportunities Fund in the 3rd quarter worth $26,000. Adirondack Trust Co. bought a new position in Guggenheim Strategic Opportunities Fund in the third quarter worth about $30,000. Transcendent Capital Group LLC lifted its holdings in Guggenheim Strategic Opportunities Fund by 50.0% in the third quarter. Transcendent Capital Group LLC now owns 3,000 shares of the investment management company’s stock worth $47,000 after buying an additional 1,000 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Guggenheim Strategic Opportunities Fund during the 3rd quarter worth approximately $63,000. Finally, Farther Finance Advisors LLC raised its position in shares of Guggenheim Strategic Opportunities Fund by 2,116.1% in the 3rd 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.

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.