Guggenheim Strategic Opportunities Fund (NYSE:GOF) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Guggenheim Strategic Opportunities Fund (NYSE:GOF)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.48 and traded as high as $12.69. Guggenheim Strategic Opportunities Fund shares last traded at $12.6360, with a volume of 1,305,713 shares trading hands.

Guggenheim Strategic Opportunities Fund Stock Performance

The business’s 50 day simple moving average is $12.48 and its two-hundred day simple moving average is $13.88.

Guggenheim Strategic Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a $0.1821 dividend. This represents a c) dividend on an annualized basis and a yield of 17.3%. The ex-dividend date of this dividend is Thursday, January 15th.

Institutional Trading of Guggenheim Strategic Opportunities Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Guggenheim Strategic Opportunities Fund by 3.0% in the first quarter. Royal Bank of Canada now owns 618,447 shares of the investment management company’s stock valued at $9,629,000 after buying an additional 17,893 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in Guggenheim Strategic Opportunities Fund by 8.0% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 19,323 shares of the investment management company’s stock worth $288,000 after acquiring an additional 1,430 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Guggenheim Strategic Opportunities Fund by 7.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 283,722 shares of the investment management company’s stock valued at $4,225,000 after acquiring an additional 20,285 shares during the period. Presper Financial Architects LLC bought a new position in shares of Guggenheim Strategic Opportunities Fund during the second quarter valued at $753,000. Finally, Truist Financial Corp lifted its holdings in shares of Guggenheim Strategic Opportunities Fund by 42.6% during the second quarter. Truist Financial Corp now owns 316,322 shares of the investment management company’s stock worth $4,710,000 after purchasing an additional 94,504 shares during the period.

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.