Guggenheim Strategic Opportunities Fund (NYSE:GOF) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Guggenheim Strategic Opportunities Fund (NYSE:GOF) shares crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $8.79 and traded as low as $8.56. Guggenheim Strategic Opportunities Fund shares last traded at $8.6750, with a volume of 1,223,192 shares changing hands.

Guggenheim Strategic Opportunities Fund Price Performance

The stock’s fifty day moving average is $8.79 and its 200-day moving average is $10.52.

Guggenheim Strategic Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 13th will be paid a $0.1821 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.19 annualized dividend and a dividend yield of 25.2%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC grew its holdings in shares of Guggenheim Strategic Opportunities Fund by 132.6% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,888,335 shares of the investment management company’s stock worth $20,809,000 after purchasing an additional 1,076,643 shares during the period. Beach Point Capital Management LP acquired a new stake in shares of Guggenheim Strategic Opportunities Fund during the 3rd quarter worth about $8,860,000. Gridiron Partners LLC increased its position in shares of Guggenheim Strategic Opportunities Fund by 330.8% during the 3rd quarter. Gridiron Partners LLC now owns 975,679 shares of the investment management company’s stock worth $8,303,000 after purchasing an additional 749,202 shares during the last quarter. Advisory Solutions Group LLC purchased a new stake in Guggenheim Strategic Opportunities Fund in the 2nd quarter valued at about $5,156,000. Finally, Integrity Advisory Solutions LLC raised its holdings in Guggenheim Strategic Opportunities Fund by 70.3% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 429,833 shares of the investment management company’s stock valued at $3,658,000 after buying an additional 177,444 shares during the period.

About Guggenheim Strategic Opportunities Fund

Guggenheim Strategic Opportunities Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol GOF. The fund seeks to provide total return through a combination of current income and capital appreciation by investing in a diversified portfolio of fixed-income and equity securities. The fund may invest across a range of credit and income-producing assets, including corporate debt, securitized debt, government and agency securities, bank loans, preferred securities and other income-oriented investments.