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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.47 and traded as low as $12.36. Guggenheim Strategic Opportunities Fund shares last traded at $12.4150, with a volume of 1,457,523 shares.

Guggenheim Strategic Opportunities Fund Stock Down 0.2%

The stock’s 50 day simple moving average is $13.70 and its two-hundred day simple moving average is $14.45.

Guggenheim Strategic Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a dividend of $0.1821 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 17.6%.

Institutional Trading of Guggenheim Strategic Opportunities Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers boosted its position in shares of Guggenheim Strategic Opportunities Fund by 45.8% during the 1st quarter. Cetera Investment Advisers now owns 606,509 shares of the investment management company’s stock valued at $9,443,000 after acquiring an additional 190,393 shares during the last quarter. LPL Financial LLC raised its stake in Guggenheim Strategic Opportunities Fund by 13.5% during the first quarter. LPL Financial LLC now owns 1,943,464 shares of the investment management company’s stock worth $30,260,000 after purchasing an additional 231,224 shares during the period. Eastern Bank acquired a new position in Guggenheim Strategic Opportunities Fund in the 1st quarter valued at about $63,000. Moors & Cabot Inc. purchased a new stake in shares of Guggenheim Strategic Opportunities Fund in the 1st quarter valued at approximately $188,000. Finally, IFG Advisory LLC acquired a new stake in shares of Guggenheim Strategic Opportunities Fund during the 1st quarter worth approximately $327,000.

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.