Guggenheim Strategic Opportunities Fund (NYSE:GOF) Stock Price Passes Below Two Hundred Day Moving Average – Time to 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 $15.52 and traded as low as $14.94. Guggenheim Strategic Opportunities Fund shares last traded at $15.00, with a volume of 917,528 shares changing hands.

Guggenheim Strategic Opportunities Fund Price Performance

The firm has a fifty day simple moving average of $15.45 and a two-hundred day simple moving average of $15.52.

Guggenheim Strategic Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.1821 dividend. This represents a $2.19 annualized dividend and a yield of 14.57%. The ex-dividend date is Wednesday, January 15th.

Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its holdings in Guggenheim Strategic Opportunities Fund by 1,477.1% in the third quarter. International Assets Investment Management LLC now owns 473,596 shares of the investment management company’s stock worth $74,640,000 after buying an additional 443,567 shares during the period. Strategic Financial Concepts LLC raised its holdings in Guggenheim Strategic Opportunities Fund by 1,517.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 323,082 shares of the investment management company’s stock worth $4,930,000 after purchasing an additional 303,111 shares in the last quarter. Verus Capital Partners LLC boosted its holdings in shares of Guggenheim Strategic Opportunities Fund by 36.3% during the 3rd quarter. Verus Capital Partners LLC now owns 720,544 shares of the investment management company’s stock valued at $11,356,000 after buying an additional 191,787 shares in the last quarter. Petra Financial Advisors Inc. grew its position in shares of Guggenheim Strategic Opportunities Fund by 25.8% in the 3rd quarter. Petra Financial Advisors Inc. now owns 338,086 shares of the investment management company’s stock worth $5,328,000 after buying an additional 69,302 shares during the period. Finally, UMB Bank n.a. bought a new position in shares of Guggenheim Strategic Opportunities Fund in the 4th quarter worth about $1,055,000.

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.