Guggenheim Strategic Opportunities Fund (NYSE:GOF) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Guggenheim Strategic Opportunities Fund (NYSE:GOF)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.89 and traded as low as $9.22. Guggenheim Strategic Opportunities Fund shares last traded at $9.2250, with a volume of 2,027,732 shares changing hands.

Guggenheim Strategic Opportunities Fund Stock Performance

The company has a 50 day simple moving average of $10.21 and a 200-day simple moving average of $10.86.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.1821 per share. This represents a c) dividend on an annualized basis and a dividend yield of 23.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Insider Activity at Guggenheim Strategic Opportunities Fund

In related news, CEO Brian E. Binder bought 4,704 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of $10.63 per share, with a total value of $50,003.52. Following the purchase, the chief executive officer owned 4,704 shares in the company, valued at approximately $50,003.52. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GOF. Smith Asset Management Co. LLC increased its position in shares of Guggenheim Strategic Opportunities Fund by 20.8% in the fourth quarter. Smith Asset Management Co. LLC now owns 123,059 shares of the investment management company’s stock valued at $1,585,000 after acquiring an additional 21,188 shares during the period. Richmond Brothers Inc. grew its stake in shares of Guggenheim Strategic Opportunities Fund by 4.9% in the fourth quarter. Richmond Brothers Inc. now owns 240,545 shares of the investment management company’s stock worth $3,098,000 after purchasing an additional 11,217 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Guggenheim Strategic Opportunities Fund by 70.2% in the fourth quarter. J.W. Cole Advisors Inc. now owns 76,193 shares of the investment management company’s stock worth $937,000 after purchasing an additional 31,436 shares during the last quarter. Verus Capital Partners LLC increased its holdings in Guggenheim Strategic Opportunities Fund by 2.4% during the 4th quarter. Verus Capital Partners LLC now owns 2,326,544 shares of the investment management company’s stock valued at $29,966,000 after purchasing an additional 55,134 shares during the period. Finally, Hazlett Burt & Watson Inc. raised its position in Guggenheim Strategic Opportunities Fund by 81.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,455 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 1,100 shares during the last quarter.

About Guggenheim Strategic Opportunities Fund

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.