Guggenheim Strategic Opportunities Fund (NYSE:GOF) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Guggenheim Strategic Opportunities Fund (NYSE:GOF) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.42 and traded as low as $12.03. Guggenheim Strategic Opportunities Fund shares last traded at $12.06, with a volume of 1,124,108 shares traded.

Guggenheim Strategic Opportunities Fund Stock Performance

The business’s 50 day moving average price is $12.58 and its two-hundred day moving average price is $13.42.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a dividend of $0.1821 per share. This represents a c) annualized dividend and a yield of 18.1%. The ex-dividend date of this dividend is Friday, February 13th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. LPL Financial LLC boosted its position in shares of Guggenheim Strategic Opportunities Fund by 6.3% during the fourth quarter. LPL Financial LLC now owns 2,552,235 shares of the investment management company’s stock valued at $32,873,000 after purchasing an additional 151,730 shares in the last quarter. Verus Capital Partners LLC raised its holdings in Guggenheim Strategic Opportunities Fund by 2.4% in the fourth quarter. Verus Capital Partners LLC now owns 2,326,544 shares of the investment management company’s stock worth $29,966,000 after purchasing an additional 55,134 shares in the last quarter. UBS Group AG lifted its position in Guggenheim Strategic Opportunities Fund by 7.0% during the fourth quarter. UBS Group AG now owns 1,692,259 shares of the investment management company’s stock valued at $21,796,000 after buying an additional 111,064 shares during the period. Invesco Ltd. bought a new stake in shares of Guggenheim Strategic Opportunities Fund during the 4th quarter valued at $17,040,000. Finally, Cetera Investment Advisers grew its position in shares of Guggenheim Strategic Opportunities Fund by 4.7% in the 4th quarter. Cetera Investment Advisers now owns 1,261,043 shares of the investment management company’s stock worth $16,242,000 after buying an additional 57,105 shares during the period.

About Guggenheim Strategic Opportunities Fund

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.