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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.61 and traded as low as $15.53. Guggenheim Strategic Opportunities Fund shares last traded at $15.60, with a volume of 1,154,381 shares.

Guggenheim Strategic Opportunities Fund Stock Performance

The stock’s 50 day simple moving average is $15.58 and its two-hundred day simple moving average is $15.61.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.1821 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 14.07%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOF. Anfield Capital Management LLC purchased a new stake in shares of Guggenheim Strategic Opportunities Fund during the 4th quarter worth about $56,000. FSA Wealth Management LLC purchased a new stake in Guggenheim Strategic Opportunities Fund during the third quarter worth approximately $74,000. Transcendent Capital Group LLC increased its position in shares of Guggenheim Strategic Opportunities Fund by 66.7% in the fourth quarter. Transcendent Capital Group LLC now owns 5,000 shares of the investment management company’s stock worth $76,000 after acquiring an additional 2,000 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Guggenheim Strategic Opportunities Fund by 232.6% in the 3rd quarter. Larson Financial Group LLC now owns 5,265 shares of the investment management company’s stock valued at $83,000 after acquiring an additional 3,682 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Guggenheim Strategic Opportunities Fund during the 4th quarter valued at $107,000.

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.