Guggenheim Strategic Opportunities Fund (NYSE:GOF) Shares Cross Above 50 Day Moving Average – Time to Sell?

Guggenheim Strategic Opportunities Fund (NYSE:GOF) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.55 and traded as high as $12.56. Guggenheim Strategic Opportunities Fund shares last traded at $12.53, with a volume of 1,171,033 shares trading hands.

Guggenheim Strategic Opportunities Fund Stock Up 0.2%

The business has a 50 day moving average price of $12.55 and a two-hundred day moving average price of $13.63.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.1821 dividend. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 17.4%.

Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund

Several institutional investors have recently added to or reduced their stakes in GOF. Hazlett Burt & Watson Inc. grew its stake in shares of Guggenheim Strategic Opportunities Fund by 81.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,455 shares of the investment management company’s stock worth $31,000 after purchasing an additional 1,100 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Guggenheim Strategic Opportunities Fund by 43.3% during the 4th quarter. Moors & Cabot Inc. now owns 18,705 shares of the investment management company’s stock valued at $241,000 after purchasing an additional 5,650 shares in the last quarter. Integrity Alliance LLC. increased its position in shares of Guggenheim Strategic Opportunities Fund by 7.7% during the fourth quarter. Integrity Alliance LLC. now owns 333,371 shares of the investment management company’s stock valued at $4,294,000 after buying an additional 23,802 shares during the period. Cary Street Partners Financial LLC boosted its position in Guggenheim Strategic Opportunities Fund by 59.4% during the 4th quarter. Cary Street Partners Financial LLC now owns 161,629 shares of the investment management company’s stock valued at $2,082,000 after acquiring an additional 60,229 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Guggenheim Strategic Opportunities Fund by 45.0% during the 4th quarter. Global Retirement Partners LLC now owns 23,634 shares of the investment management company’s stock worth $304,000 after acquiring an additional 7,332 shares during the period.

Guggenheim Strategic Opportunities Fund Company Profile

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.