Guggenheim Strategic Opportunities Fund (NYSE:GOF) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Guggenheim Strategic Opportunities Fund (NYSE:GOF) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.95 and traded as low as $10.99. Guggenheim Strategic Opportunities Fund shares last traded at $11.1550, with a volume of 1,334,027 shares trading hands.

Guggenheim Strategic Opportunities Fund Stock Performance

The firm has a fifty day simple moving average of $11.22 and a two-hundred day simple moving average of $11.94.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.1821 per share. This represents a c) annualized dividend and a yield of 19.5%. The ex-dividend date was Friday, May 15th.

Insider Activity at Guggenheim Strategic Opportunities Fund

In other news, insider Randall C. Barnes purchased 4,180 shares of the business’s stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $11.59 per share, for a total transaction of $48,446.20. Following the acquisition, the insider directly owned 6,231 shares of the company’s stock, valued at $72,217.29. This represents a 203.80% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas F. Lydon, Jr. purchased 8,710 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of $11.45 per share, with a total value of $99,729.50. Following the acquisition, the insider directly owned 8,710 shares in the company, valued at $99,729.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 13,110 shares of company stock valued at $150,682 in the last 90 days.

Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund

Several institutional investors have recently modified their holdings of GOF. Aspect Partners LLC bought a new stake in shares of Guggenheim Strategic Opportunities Fund in the 3rd quarter valued at approximately $27,000. CENTRAL TRUST Co bought a new stake in shares of Guggenheim Strategic Opportunities Fund in the 1st quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. lifted its stake in shares of Guggenheim Strategic Opportunities Fund by 81.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,455 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 1,100 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Guggenheim Strategic Opportunities Fund in the 3rd quarter valued at approximately $84,000. Finally, Triumph Capital Management bought a new stake in shares of Guggenheim Strategic Opportunities Fund in the 3rd quarter valued at approximately $85,000.

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.