GOF: These Moments Are Rare (Rating Upgrade)
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Jack Bowman8.24K FollowersFollow5ShareSavePlay(10min)CommentsSummaryGuggenheim Strategic Opportunities Fund offers a stable monthly dividend, never having cut its payout.GOF currently yields an 18% distribution rate, attracting income-focused investors despite price volatility.The fund's premium collapsed suddenly after a period of gradual decline, echoing a similar event in November 2023.Recent price action highlights both the risks and potential opportunities for tactical investors in GOF.This moment may not come again for some time, and GOF looks like a better buy now than in the past two years. Andyworks/E+ via Getty Images I've had a very on-again, off-again relationship with the Guggenheim Strategic Opportunities Fund (GOF); you can see all of my ratings here, ranging from "Buy" to "Sell" and back again. Most recently, in May earlier this year, I gaveThis article was written byJack Bowman8.24K FollowersFollowWriter | Investment Advisor | Top 5% of Experts on TipRanks. You can find me on YouTube and Substack under my name; my weekly newsletter is called The Macro Obsession.Analyst’s Disclosure:I/we have a beneficial long position in the shares of GOF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You