GOF Stock Summary and Trading Ideas (Guggenheim Strategic Opportunities Common Shares Of Beneficial Interest | NYSE:GOF)

The Fund’s investment objective is to maximize total return through a combination of current income and capital appreciation. The Fund will pursue a relative value-based investment philosophy, which utilizes quantitative and qualitative analysis to seek to identify securities or spreads between securities that deviate from their perceived fair value and/or historical norms. The Fund’s sub-adviser seeks to combine a credit managed fixed-income portfolio with access to a diversified pool of alternative investments and equity strategies. The Fund’s investment philosophy is predicated upon the belief that thorough research and independent thought are rewarded with performance that has the potential to outperform benchmark indexes with both lower volatility and lower correlation of returns as compared to such benchmark indexes. The Fund will seek to achieve its investment objective by investing in a wide range of fixed income and other debt and senior equity securities (“Income Securities”) selected from a variety of sectors and credit qualities, including, but not limited to, corporate bonds, loans and loan participations, structured finance investments, U.S. government and agency securities, mezzanine and preferred securities and convertible securities, and in common stocks, limited liability company interests, trust certificates and other equity investments (“Common Equity Securities”) that the Fund’s sub-adviser believes offer investment grade (commonly referred to as "junk bonds"); the Fund may invest up to 20% of its total assets in non-U.S. dollar-denominated income securities of corporate and governmental issuers located outside the U.S., including up to attractive yield and/or capital appreciation potential, including employing a strategy of writing (selling) covered call and put options on such equities. the Fund may invest up to 60% of its total assets in income securities rated below 10% in emerging markets; the Fund may invest up to 50% of its total assets in common equity securities consisting of common stock; and the Fund may invest up to 30% of its total assets in investment funds that primarily hold (directly or indirectly) investments in which the Fund may invest directly

Guggenheim Strategic Opportunities Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol GOF.

As of April 30, 2024, GOF stock price was flat at $14.59 with 631,209 million shares trading.

GOF has a beta of 0.87, meaning it tends to be less sensitive to market movements. GOF has a correlation of 0.19 to the broad based SPY ETF.

GOF has a market cap of $1.89 billion. This is considered a Small Cap stock.

In the last 3 years, GOF stock traded as high as $22.06 and as low as $10.96.

GOF stock has underperformed the market in the last year with a return of +0.8%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GOF shares. However, GOF has outperformed the market in the last 3 month and 2 week periods, returning +12.0% and +5.3%, while SPY returned +2.5% and -0.5%, respectively. This indicates GOF has been having a stronger performance recently.

GOF support price is $14.42 and resistance is $14.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GOF stock will trade within this expected range on the day.