Guggenheim Strategic Opportunities Fund (NYSE:GOF) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Guggenheim Strategic Opportunities Fund (NYSE:GOF) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.55 and traded as high as $12.56. Guggenheim Strategic Opportunities Fund shares last traded at $12.53, with a volume of 1,171,033 shares changing hands.

Guggenheim Strategic Opportunities Fund Price Performance

The stock has a fifty day moving average price of $12.55 and a 200 day moving average price of $13.63.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a dividend of $0.1821 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) annualized dividend and a yield of 17.4%.

Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund

Hedge funds have recently bought and sold shares of the stock. Encompass More Asset Management lifted its position in Guggenheim Strategic Opportunities Fund by 10.3% in the 3rd quarter. Encompass More Asset Management now owns 26,957 shares of the investment management company’s stock worth $404,000 after buying an additional 2,527 shares during the last quarter. Secure Asset Management LLC raised its stake in shares of Guggenheim Strategic Opportunities Fund by 9.0% during the third quarter. Secure Asset Management LLC now owns 472,500 shares of the investment management company’s stock worth $7,121,000 after acquiring an additional 38,845 shares in the last quarter. Canal Capital Management LLC bought a new stake in shares of Guggenheim Strategic Opportunities Fund in the 2nd quarter worth approximately $957,000. CreativeOne Wealth LLC boosted its stake in shares of Guggenheim Strategic Opportunities Fund by 8.5% in the 2nd quarter. CreativeOne Wealth LLC now owns 740,653 shares of the investment management company’s stock valued at $11,028,000 after purchasing an additional 57,982 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Guggenheim Strategic Opportunities Fund by 12.0% in the 2nd quarter. Cetera Investment Advisers now owns 679,066 shares of the investment management company’s stock valued at $10,111,000 after purchasing an additional 72,557 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.