Guggenheim Strategic Opportunities Fund (NYSE:GOF) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Guggenheim Strategic Opportunities Fund (NYSE:GOF)’s stock price 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 changing hands.

Guggenheim Strategic Opportunities Fund Stock Performance

The company has a 50 day simple moving average of $12.21 and a two-hundred day simple moving average of $13.06.

Guggenheim Strategic Opportunities Fund Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 19.7%.

Insider Buying and Selling at Guggenheim Strategic Opportunities Fund

In related news, insider Randall C. Barnes bought 4,180 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were purchased at an average price of $11.59 per share, with a total value of $48,446.20. Following the transaction, the insider owned 6,231 shares in the company, valued at $72,217.29. This trade represents a 203.80% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Secure Asset Management LLC raised its stake in shares of Guggenheim Strategic Opportunities Fund by 9.0% in the third quarter. Secure Asset Management LLC now owns 472,500 shares of the investment management company’s stock valued at $7,121,000 after acquiring an additional 38,845 shares during the period. Fiduciary Alliance LLC boosted its stake in shares of Guggenheim Strategic Opportunities Fund by 26.7% during the 3rd quarter. Fiduciary Alliance LLC now owns 54,880 shares of the investment management company’s stock worth $822,000 after purchasing an additional 11,568 shares during the period. Canal Capital Management LLC bought a new position in Guggenheim Strategic Opportunities Fund during the 2nd quarter valued at about $957,000. Fisher Asset Management LLC bought a new position in Guggenheim Strategic Opportunities Fund during the 2nd quarter valued at about $208,000. Finally, J.W. Cole Advisors Inc. raised its position in Guggenheim Strategic Opportunities Fund by 22.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 19,747 shares of the investment management company’s stock worth $294,000 after purchasing an additional 3,593 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.