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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.88 and traded as low as $10.59. Guggenheim Strategic Opportunities Fund shares last traded at $10.6050, with a volume of 2,230,133 shares.

Guggenheim Strategic Opportunities Fund Stock Performance

The business has a 50-day moving average price of $11.96 and a 200-day moving average price of $12.88.

Guggenheim Strategic Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a $0.1821 dividend. This represents a c) annualized dividend and a dividend yield of 20.6%. The ex-dividend date of this dividend is Friday, March 13th.

Insider Activity

In other Guggenheim Strategic Opportunities Fund news, insider Randall C. Barnes acquired 4,180 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were purchased at an average cost of $11.59 per share, for a total transaction of $48,446.20. Following the completion of the purchase, the insider owned 6,231 shares in the company, valued at approximately $72,217.29. This trade represents a 203.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GOF. Invesco Ltd. purchased a new stake in shares of Guggenheim Strategic Opportunities Fund during the fourth quarter valued at about $17,040,000. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Guggenheim Strategic Opportunities Fund during the fourth quarter worth $11,943,000. Rivernorth Capital Management LLC acquired a new stake in shares of Guggenheim Strategic Opportunities Fund in the 4th quarter worth $10,455,000. Cohen & Steers Inc. grew its stake in Guggenheim Strategic Opportunities Fund by 129.2% during the 4th quarter. Cohen & Steers Inc. now owns 771,789 shares of the investment management company’s stock worth $9,941,000 after buying an additional 435,000 shares during the last quarter. Finally, Verus Capital Partners LLC raised its stake in Guggenheim Strategic Opportunities Fund by 21.0% in the third quarter. Verus Capital Partners LLC now owns 2,271,410 shares of the investment management company’s stock valued at $34,026,000 after buying an additional 394,180 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.