Guggenheim Strategic Opportunities Fund (NYSE:GOF) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Guggenheim Strategic Opportunities Fund (NYSE:GOF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.58 and traded as low as $10.65. Guggenheim Strategic Opportunities Fund shares last traded at $10.7050, with a volume of 3,852,002 shares trading hands.

Guggenheim Strategic Opportunities Fund Stock Down 0.4%

The stock has a 50 day simple moving average of $10.98 and a 200-day simple moving average of $11.58.

Guggenheim Strategic Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.1821 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 20.4%.

Insider Buying and Selling at Guggenheim Strategic Opportunities Fund

In other Guggenheim Strategic Opportunities Fund news, CEO Brian E. Binder purchased 4,704 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average price of $10.63 per share, with a total value of $50,003.52. Following the completion of the purchase, the chief executive officer directly owned 4,704 shares in the company, valued at $50,003.52. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas F. Lydon, Jr. acquired 8,710 shares of the stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $11.45 per share, with a total value of $99,729.50. Following the transaction, the insider directly owned 8,710 shares of the company’s stock, valued at $99,729.50. The trade was a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GOF. Hazlett Burt & Watson Inc. raised its stake in shares of Guggenheim Strategic Opportunities Fund by 81.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,455 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 1,100 shares during the period. CENTRAL TRUST Co bought a new position in shares of Guggenheim Strategic Opportunities Fund in the first quarter worth about $28,000. Allied Private Wealth LLC purchased a new position in Guggenheim Strategic Opportunities Fund in the 2nd quarter worth about $43,000. Advisory Services Network LLC purchased a new position in Guggenheim Strategic Opportunities Fund in the 3rd quarter worth about $84,000. Finally, Triumph Capital Management bought a new stake in Guggenheim Strategic Opportunities Fund during the 3rd quarter valued at about $85,000.

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.