Guggenheim Strategic Opportunities Fund (NYSE:GOF) Shares Pass Above 50 Day Moving Average – Should You Sell?

Guggenheim Strategic Opportunities Fund (NYSE:GOF) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.97 and traded as high as $15.02. Guggenheim Strategic Opportunities Fund shares last traded at $14.89, with a volume of 1,957,494 shares trading hands.

Guggenheim Strategic Opportunities Fund Price Performance

The stock has a 50 day moving average price of $14.97 and a 200 day moving average price of $14.80.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $0.1821 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.7%. The ex-dividend date is Wednesday, October 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pin Oak Investment Advisors Inc. increased its position in Guggenheim Strategic Opportunities Fund by 31.6% during the 1st quarter. Pin Oak Investment Advisors Inc. now owns 3,016 shares of the investment management company’s stock valued at $48,000 after buying an additional 724 shares in the last quarter. Capital CS Group LLC increased its position in Guggenheim Strategic Opportunities Fund by 4.0% during the 2nd quarter. Capital CS Group LLC now owns 21,441 shares of the investment management company’s stock valued at $319,000 after buying an additional 817 shares in the last quarter. PSI Advisors LLC increased its position in Guggenheim Strategic Opportunities Fund by 56.6% during the 1st quarter. PSI Advisors LLC now owns 2,270 shares of the investment management company’s stock valued at $35,000 after buying an additional 820 shares in the last quarter. AE Wealth Management LLC increased its position in Guggenheim Strategic Opportunities Fund by 3.6% during the 2nd quarter. AE Wealth Management LLC now owns 24,079 shares of the investment management company’s stock valued at $359,000 after buying an additional 840 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Guggenheim Strategic Opportunities Fund by 1.3% during the 2nd quarter. UMB Bank n.a. now owns 70,038 shares of the investment management company’s stock valued at $1,043,000 after buying an additional 916 shares in the last quarter.

Guggenheim Strategic Opportunities Fund Company Profile

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.