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

Guggenheim Strategic Opportunities Fund (NYSE:GOF)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.50 and traded as low as $15.18. Guggenheim Strategic Opportunities Fund shares last traded at $15.33, with a volume of 1,186,424 shares traded.

Guggenheim Strategic Opportunities Fund Stock Performance

The company has a 50-day moving average of $15.60 and a two-hundred day moving average of $15.51.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.1821 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 14.25%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GOF. Fortitude Family Office LLC bought a new position in shares of Guggenheim Strategic Opportunities Fund during the third quarter valued at approximately $26,000. Adirondack Trust Co. purchased a new position in Guggenheim Strategic Opportunities Fund during the third quarter valued at $30,000. Ashton Thomas Private Wealth LLC bought a new stake in Guggenheim Strategic Opportunities Fund in the second quarter worth $37,000. Transcendent Capital Group LLC boosted its holdings in Guggenheim Strategic Opportunities Fund by 50.0% in the third quarter. Transcendent Capital Group LLC now owns 3,000 shares of the investment management company’s stock worth $47,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Guggenheim Strategic Opportunities Fund in the third quarter worth $63,000.

About Guggenheim Strategic Opportunities Fund

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.