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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.64 and traded as low as $13.12. Guggenheim Strategic Opportunities Fund shares last traded at $13.2850, with a volume of 1,051,272 shares changing hands.

Guggenheim Strategic Opportunities Fund Price Performance

The firm’s 50-day simple moving average is $14.38 and its 200-day simple moving average is $14.64.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a $0.1821 dividend. This represents a c) annualized dividend and a dividend yield of 16.4%. The ex-dividend date is Friday, November 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aspect Partners LLC bought a new stake in shares of Guggenheim Strategic Opportunities Fund in the 3rd quarter valued at about $27,000. Iron Horse Wealth Management LLC purchased a new stake in Guggenheim Strategic Opportunities Fund during the second quarter worth $30,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Guggenheim Strategic Opportunities Fund during the 2nd quarter valued at $33,000. Pin Oak Investment Advisors Inc. increased its holdings in shares of Guggenheim Strategic Opportunities Fund by 31.6% in 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 acquiring an additional 724 shares during the period. Finally, Motco purchased a new position in shares of Guggenheim Strategic Opportunities Fund in the 1st quarter valued at $62,000.

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.