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14.42
0.77%
0.11
Why is Guggenheim Strategic Opportunities Fund (GOF) Stock down?
We've noticed a 9.41% decline in Guggenheim Strategic Opportunities Fund (GOF) stock during the 2025-04-04 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
17 Oct, 2023:
Guggenheim Strategic Opportunities Fund (GOF) dropped by 9.12% from $12.28 to $11.16 in the trading on Tuesday October 17, 2023. The reason why GOF down today is due to the concerns about the sustainability of its current monthly distribution.
- The high-yield fund's NAV has declined from $12.32 per share in September to $11.66, putting its current monthly distribution of $0.1821 (annualized to $2.19) at nearly 19% of its NAV.
- This distribution is unsustainable unless the fund's NAV reverses its trend, which is unlikely given its holdings of high-yield corporate bonds, bank loans, and asset-backed securities.
- Moreover, the fund has financed its distributions by returning capital and taking on leverage, while its net investment income has come under pressure.
0.94%
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