Downgrading Guggenheim Strategic Opportunities Fund From A Buy To A Sell At $14.70 [Seeking Alpha]
Guggenheim Strategic Opportunities Fund Common Shares of Beneficial Interest (GOF)
US:NYSE Investor Relations:
guggenheiminvestments.com/cef/fund/gof
Company Research
Source: Seeking Alpha
As a result, GOF is now at the top of my list of CEFs that have seen their market price far outperform their NAV, which is a red flag near term. With GOF back to a 20%-plus premium and an NAV only up 1.5% year-to-date, GOF is extremely overpriced and will have a hard time covering its 18.0% NAV yield. I recommended buying GOF at just about the low market price back in mid-October of last year, and based on GOF's volatility, I believe now is the time to sell. We're at a point in the markets where buying whatever seems to work at whatever price seems to be the most popular strategy. And that will work until it doesn't, and I think we're getting close to that point. A good example of that is the Guggenheim Strategic Opportunities Fund ( NYSE: GOF $14.70 real time market price, +2.8%, a fund that continues to go up at MKT price though its NAV price performance has been very underwhelming. This has put GOF at the top of Sheet3 of my equity CEF performance spreadsheet, which mean
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GOF
News
- Closed End Funds That Offer A Discount To Reinvest [Seeking Alpha]Seeking Alpha
- Guggenheim Investments Announces April 2024 Closed-End Fund Distributions [Yahoo! Finance]Yahoo! Finance
- Guggenheim Investments Announces April 2024 Closed-End Fund DistributionsGlobeNewswire
- GOF: Rethinking Opportunistic Credit, Despite Heavy Payouts (Downgrade) [Seeking Alpha]Seeking Alpha
- Guggenheim Investments Announces March 2024 Closed-End Fund DistributionsGlobeNewswire
GOF
Sec Filings
- 3/4/24 - Form DEF
- 3/1/24 - Form DEF
- 2/2/24 - Form N-CSRS
- GOF's page on the SEC website