Guggenheim Strategic Opportunities Fund (NYSE:GOF) Stock Passes Below 200-Day Moving Average – Time to Sell?

Guggenheim Strategic Opportunities Fund (NYSE:GOF) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.88 and traded as low as $10.59. Guggenheim Strategic Opportunities Fund shares last traded at $10.6050, with a volume of 2,230,133 shares.

Guggenheim Strategic Opportunities Fund Stock Down 1.9%

The firm’s fifty day moving average price is $11.96 and its 200-day moving average price is $12.87.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.1821 dividend. This represents a c) dividend on an annualized basis and a yield of 20.6%. The ex-dividend date is Friday, March 13th.

Insiders Place Their Bets

In other news, insider Randall C. Barnes purchased 4,180 shares of the business’s stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $11.59 per share, for a total transaction of $48,446.20. Following the purchase, the insider directly owned 6,231 shares in the company, valued at $72,217.29. This trade represents a 203.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Guggenheim Strategic Opportunities Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Aspect Partners LLC purchased a new stake in Guggenheim Strategic Opportunities Fund during the third quarter valued at $27,000. Hazlett Burt & Watson Inc. lifted its holdings in Guggenheim Strategic Opportunities Fund by 81.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,455 shares of the investment management company’s stock valued at $31,000 after buying an additional 1,100 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Guggenheim Strategic Opportunities Fund in the 3rd quarter worth $84,000. Triumph Capital Management purchased a new stake in shares of Guggenheim Strategic Opportunities Fund in the 3rd quarter worth approximately $85,000. Finally, Parallel Advisors LLC bought a new stake in shares of Guggenheim Strategic Opportunities Fund in the 3rd quarter valued at about $88,000.

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.