Guggenheim Strategic Opportunities Fund (NYSE:GOF) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Guggenheim Strategic Opportunities Fund (NYSE:GOF) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.06 and traded as low as $10.94. Guggenheim Strategic Opportunities Fund shares last traded at $11.0750, with a volume of 1,870,948 shares.

Guggenheim Strategic Opportunities Fund Stock Performance

The firm’s fifty day simple moving average is $12.17 and its 200 day simple moving average is $13.03.

Guggenheim Strategic Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.1821 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 20.2%. The ex-dividend date is Friday, March 13th.

Insider Buying and Selling at Guggenheim Strategic Opportunities Fund

In other news, insider Randall C. Barnes acquired 4,180 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $11.59 per share, for a total transaction of $48,446.20. Following the completion of the acquisition, the insider owned 6,231 shares in the company, valued at $72,217.29. This represents a 203.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Guggenheim Strategic Opportunities Fund

A number of institutional investors have recently made changes to their positions in GOF. Royal Bank of Canada increased its position in shares of Guggenheim Strategic Opportunities Fund by 3.0% during the 1st quarter. Royal Bank of Canada now owns 618,447 shares of the investment management company’s stock worth $9,629,000 after purchasing an additional 17,893 shares during the last quarter. Foundations Investment Advisors LLC raised its position in Guggenheim Strategic Opportunities Fund by 19.9% during the second quarter. Foundations Investment Advisors LLC now owns 12,904 shares of the investment management company’s stock worth $192,000 after acquiring an additional 2,144 shares in the last quarter. Cetera Investment Advisers lifted its stake in Guggenheim Strategic Opportunities Fund by 12.0% in the second quarter. Cetera Investment Advisers now owns 679,066 shares of the investment management company’s stock valued at $10,111,000 after acquiring an additional 72,557 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in Guggenheim Strategic Opportunities Fund in the second quarter valued at $164,000. Finally, Global Retirement Partners LLC bought a new position in shares of Guggenheim Strategic Opportunities Fund in the 2nd quarter valued at about $216,000.

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.