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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) passed 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.

Guggenheim Strategic Opportunities Fund Stock Performance

The business’s 50 day simple moving average is $11.21 and its two-hundred day simple moving average is $11.95.

Guggenheim Strategic Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.1821 per share. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 19.6%.

Insider Buying and Selling

In other news, insider Randall C. Barnes purchased 4,180 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were purchased at an average price of $11.59 per share, for a total transaction of $48,446.20. Following the completion of the acquisition, the insider directly owned 6,231 shares in the company, valued at $72,217.29. This represents a 203.80% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas F. Lydon, Jr. purchased 8,710 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of $11.45 per share, for a total transaction of $99,729.50. Following the acquisition, the insider owned 8,710 shares of the company’s stock, valued at approximately $99,729.50. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 13,110 shares of company stock worth $150,682.

Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund

Institutional investors have recently made changes to their positions in the company. Wedbush Securities Inc. raised its holdings in shares of Guggenheim Strategic Opportunities Fund by 1.2% during the third quarter. Wedbush Securities Inc. now owns 178,961 shares of the investment management company’s stock valued at $2,681,000 after purchasing an additional 2,036 shares during the last quarter. Aspect Partners LLC purchased a new position in shares of Guggenheim Strategic Opportunities Fund during the third quarter valued at approximately $27,000. Prime Capital Investment Advisors LLC raised its holdings in shares of Guggenheim Strategic Opportunities Fund by 3.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 441,497 shares of the investment management company’s stock valued at $6,614,000 after purchasing an additional 16,658 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings in shares of Guggenheim Strategic Opportunities Fund by 27.3% during the third quarter. Capital Investment Advisory Services LLC now owns 106,612 shares of the investment management company’s stock valued at $1,597,000 after purchasing an additional 22,862 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of Guggenheim Strategic Opportunities Fund by 126.7% during the third quarter. J.W. Cole Advisors Inc. now owns 44,757 shares of the investment management company’s stock valued at $670,000 after purchasing an additional 25,010 shares during the last quarter.

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.