Guggenheim Strategic Opportunities Fund (NYSE:GOF) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Guggenheim Strategic Opportunities Fund (NYSE:GOF)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.43 and traded as low as $14.32. Guggenheim Strategic Opportunities Fund shares last traded at $14.43, with a volume of 582,770 shares changing hands.

Guggenheim Strategic Opportunities Fund Stock Up 0.8 %

The firm’s 50-day moving average is $15.18 and its two-hundred day moving average is $15.43.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.1821 per share. This represents a $2.19 annualized dividend and a dividend yield of 15.15%. The ex-dividend date is Tuesday, April 15th.

Institutional Trading of Guggenheim Strategic Opportunities Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PSI Advisors LLC boosted its stake in shares of Guggenheim Strategic Opportunities Fund by 56.6% in the 1st quarter. PSI Advisors LLC now owns 2,270 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 820 shares during the last quarter. Garde Capital Inc. acquired a new stake in Guggenheim Strategic Opportunities Fund during the 1st quarter worth $35,000. Anfield Capital Management LLC acquired a new stake in Guggenheim Strategic Opportunities Fund during the 4th quarter worth $56,000. Transcendent Capital Group LLC raised its position in shares of Guggenheim Strategic Opportunities Fund by 66.7% during the 4th quarter. Transcendent Capital Group LLC now owns 5,000 shares of the investment management company’s stock valued at $76,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Guggenheim Strategic Opportunities Fund in the 4th quarter valued at $107,000.

Guggenheim Strategic Opportunities Fund Company Profile

Guggenheim Strategic Opportunities Fund is a closed-ended balanced mutual fund launched and managed by Guggenheim Funds Investment Advisors, LLC. The fund is co-managed by Guggenheim Partners Investment Management LLC. It invests in public equity and fixed income markets across the globe. For its equity portion, the fund invests directly and through derivatives such as writing covered call and put options to invest in the stocks of companies operating across diversified sectors.