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

Guggenheim Strategic Opportunities Fund (NYSE:GOF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.89 and traded as low as $9.22. Guggenheim Strategic Opportunities Fund shares last traded at $9.2250, with a volume of 2,027,732 shares traded.

Guggenheim Strategic Opportunities Fund Price Performance

The stock’s 50 day simple moving average is $10.29 and its two-hundred day simple moving average is $10.89.

Guggenheim Strategic Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.1821 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 23.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

Insider Activity at Guggenheim Strategic Opportunities Fund

In other news, CEO Brian E. Binder acquired 4,704 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average price of $10.63 per share, for a total transaction of $50,003.52. Following the completion of the purchase, the chief executive officer owned 4,704 shares in the company, valued at approximately $50,003.52. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of Guggenheim Strategic Opportunities Fund

Large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its stake in shares of Guggenheim Strategic Opportunities Fund by 1.3% in the second quarter. Integrated Wealth Concepts LLC now owns 277,401 shares of the investment management company’s stock worth $3,029,000 after purchasing an additional 3,580 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Guggenheim Strategic Opportunities Fund by 3.2% during the 2nd quarter. NewEdge Advisors LLC now owns 130,868 shares of the investment management company’s stock valued at $1,429,000 after buying an additional 4,054 shares in the last quarter. IFP Advisors Inc boosted its holdings in Guggenheim Strategic Opportunities Fund by 228.4% in the 2nd quarter. IFP Advisors Inc now owns 4,414 shares of the investment management company’s stock worth $48,000 after buying an additional 3,070 shares during the period. Baird Financial Group Inc. boosted its holdings in Guggenheim Strategic Opportunities Fund by 6.8% in the 2nd quarter. Baird Financial Group Inc. now owns 269,991 shares of the investment management company’s stock worth $2,948,000 after buying an additional 17,078 shares during the period. Finally, Ameritas Advisory Services LLC grew its stake in Guggenheim Strategic Opportunities Fund by 97.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 22,352 shares of the investment management company’s stock valued at $244,000 after buying an additional 11,040 shares in the last quarter.

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.