Guggenheim Strategic Opportunities Fund (NYSE:GOF) Shares Cross Below 200 Day Moving Average – Should You Sell?

Guggenheim Strategic Opportunities Fund (NYSE:GOF) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.58 and traded as low as $10.65. Guggenheim Strategic Opportunities Fund shares last traded at $10.7050, with a volume of 3,852,002 shares traded.

Guggenheim Strategic Opportunities Fund Stock Performance

The business’s 50-day simple moving average is $10.98 and its 200 day simple moving average is $11.58.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.1821 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 20.4%.

Insider Buying and Selling at Guggenheim Strategic Opportunities Fund

In other Guggenheim Strategic Opportunities Fund news, CEO Brian E. Binder purchased 4,704 shares of the stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average cost of $10.63 per share, with a total value of $50,003.52. Following the completion of the purchase, the chief executive officer directly owned 4,704 shares of the company’s stock, valued at approximately $50,003.52. This trade represents a ∞ 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. purchased 8,710 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $11.45 per share, for a total transaction of $99,729.50. Following the completion of the purchase, the insider directly owned 8,710 shares in the company, valued at approximately $99,729.50. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Trading of Guggenheim Strategic Opportunities Fund

Several large investors have recently modified their holdings of the business. Invesco Ltd. purchased a new position in shares of Guggenheim Strategic Opportunities Fund in the 4th quarter worth about $17,040,000. Rivernorth Capital Management LLC increased its stake in Guggenheim Strategic Opportunities Fund by 132.6% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,888,335 shares of the investment management company’s stock valued at $20,809,000 after purchasing an additional 1,076,643 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new position in Guggenheim Strategic Opportunities Fund in the fourth quarter worth about $11,943,000. Cohen & Steers Inc. raised its holdings in Guggenheim Strategic Opportunities Fund by 129.2% in the fourth quarter. Cohen & Steers Inc. now owns 771,789 shares of the investment management company’s stock worth $9,941,000 after buying an additional 435,000 shares during the last quarter. Finally, Kera Capital Partners Inc. bought a new position in shares of Guggenheim Strategic Opportunities Fund in the fourth quarter worth approximately $4,637,000.

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.