Guggenheim Strategic Opportunities Fund (NYSE:GOF) Shares Pass Below 200 Day Moving Average – Time to Sell?

Guggenheim Strategic Opportunities Fund (NYSE:GOF)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Guggenheim Strategic Opportunities Fund Price Performance

The stock has a 50-day moving average of $11.21 and a two-hundred day moving average of $11.95.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.1821 dividend. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a yield of 19.6%.

Insider Activity at Guggenheim Strategic Opportunities Fund

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

Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aspect Partners LLC purchased a new stake in Guggenheim Strategic Opportunities Fund in the third quarter worth $27,000. CENTRAL TRUST Co purchased a new stake in Guggenheim Strategic Opportunities Fund in the first quarter worth $28,000. Hazlett Burt & Watson Inc. grew its stake in 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 period. Advisory Services Network LLC purchased a new stake in Guggenheim Strategic Opportunities Fund in the third quarter worth $84,000. Finally, Triumph Capital Management purchased a new stake in shares of Guggenheim Strategic Opportunities Fund in the third quarter worth $85,000.

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.