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

Guggenheim Strategic Opportunities Fund (NYSE:GOF)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.52 and traded as low as $15.27. Guggenheim Strategic Opportunities Fund shares last traded at $15.31, with a volume of 761,588 shares traded.

Guggenheim Strategic Opportunities Fund Price Performance

The company’s 50-day moving average is $15.51 and its two-hundred day moving average is $15.53.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.1821 per share. The ex-dividend date is Wednesday, January 15th. This represents a $2.19 annualized dividend and a dividend yield of 14.16%.

Institutional Trading of Guggenheim Strategic Opportunities Fund

Hedge funds have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC purchased a new stake in Guggenheim Strategic Opportunities Fund during the third quarter valued at about $26,000. Adirondack Trust Co. purchased a new stake in shares of Guggenheim Strategic Opportunities Fund during the 3rd quarter valued at approximately $30,000. Transcendent Capital Group LLC boosted its holdings in Guggenheim Strategic Opportunities Fund by 50.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 3,000 shares of the investment management company’s stock worth $47,000 after buying an additional 1,000 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Guggenheim Strategic Opportunities Fund in the third quarter valued at $63,000. Finally, Farther Finance Advisors LLC increased its position in shares of Guggenheim Strategic Opportunities Fund by 2,116.1% during the third quarter. Farther Finance Advisors LLC now owns 4,277 shares of the investment management company’s stock valued at $67,000 after buying an additional 4,084 shares during the period.

Guggenheim Strategic Opportunities Fund Company Profile

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.