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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.58 and traded as low as $10.65. Guggenheim Strategic Opportunities Fund shares last traded at $10.7050, with a volume of 3,852,002 shares.

Guggenheim Strategic Opportunities Fund Trading Down 0.4%

The business has a fifty day moving average of $10.98 and a 200 day moving average of $11.58.

Guggenheim Strategic Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.1821 per share. This represents a c) annualized dividend and a dividend yield of 20.4%. The ex-dividend date of this dividend is Wednesday, July 15th.

Insider Activity at Guggenheim Strategic Opportunities Fund

In other Guggenheim Strategic Opportunities Fund news, insider Thomas F. Lydon, Jr. bought 8,710 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of $11.45 per share, with a total value of $99,729.50. Following the purchase, the insider directly owned 8,710 shares in the company, valued at approximately $99,729.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian E. Binder bought 4,704 shares of Guggenheim Strategic Opportunities Fund stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average price of $10.63 per share, for a total transaction of $50,003.52. Following the completion of the acquisition, the chief executive officer owned 4,704 shares in the company, valued at $50,003.52. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Hedge Funds Weigh In On Guggenheim Strategic Opportunities Fund

Several institutional investors have recently modified their holdings of GOF. International Assets Investment Management LLC lifted its holdings in shares of Guggenheim Strategic Opportunities Fund by 5.5% during the fourth quarter. International Assets Investment Management LLC now owns 16,814 shares of the investment management company’s stock worth $217,000 after purchasing an additional 874 shares during the period. JB Capital LLC increased its stake in Guggenheim Strategic Opportunities Fund by 3.8% in the 4th quarter. JB Capital LLC now owns 25,886 shares of the investment management company’s stock valued at $333,000 after buying an additional 949 shares during the period. Moors & Cabot Inc. raised its position in Guggenheim Strategic Opportunities Fund by 8.3% during the 3rd quarter. Moors & Cabot Inc. now owns 13,055 shares of the investment management company’s stock worth $196,000 after buying an additional 1,000 shares during the last quarter. PFG Investments LLC lifted its stake in shares of Guggenheim Strategic Opportunities Fund by 1.3% in the 1st quarter. PFG Investments LLC now owns 80,693 shares of the investment management company’s stock worth $889,000 after acquiring an additional 1,032 shares during the period. Finally, Mutual Advisors LLC boosted its holdings in shares of Guggenheim Strategic Opportunities Fund by 1.1% in the fourth quarter. Mutual Advisors LLC now owns 95,119 shares of the investment management company’s stock valued at $1,225,000 after acquiring an additional 1,056 shares in the last quarter.

Guggenheim Strategic Opportunities Fund Company Profile

Guggenheim Strategic Opportunities Fund (NYSE: GOF) is a closed-end management investment company organized as a diversified, non-diversified or interval fund (as defined under the Investment Company Act of 1940). The fund commenced operations in February 2012 with a primary objective of seeking a high level of total return, consisting of both income and capital appreciation, through a flexible, opportunistic investment approach.

The fund’s core strategy focuses on investing across the capital structure of both debt and equity securities.