Guggenheim Strategic Opportunities Fund (NYSE:GOF) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Guggenheim Strategic Opportunities Fund (NYSE:GOF) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.04 and traded as low as $10.99. Guggenheim Strategic Opportunities Fund shares last traded at $11.1650, with a volume of 1,538,893 shares trading hands.

Guggenheim Strategic Opportunities Fund Price Performance

The stock has a 50 day moving average of $11.22 and a 200 day moving average of $12.01.

Guggenheim Strategic Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.1821 dividend. This represents a c) dividend on an annualized basis and a yield of 19.7%. The ex-dividend date of this dividend is Friday, May 15th.

Insiders Place Their Bets

In related news, insider Thomas F. Lydon, Jr. acquired 8,710 shares of Guggenheim Strategic Opportunities Fund stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $11.45 per share, with a total value of $99,729.50. Following the completion of the purchase, the insider owned 8,710 shares of the company’s stock, valued at $99,729.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Randall C. Barnes acquired 4,180 shares of Guggenheim Strategic Opportunities Fund stock in a transaction dated Friday, March 6th. The shares were bought at an average cost of $11.59 per share, for a total transaction of $48,446.20. Following the completion of the purchase, the insider directly owned 6,231 shares of the company’s stock, valued at approximately $72,217.29. The trade was a 203.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 13,110 shares of company stock worth $150,682.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Aspect Partners LLC bought a new position in shares of Guggenheim Strategic Opportunities Fund during the third quarter valued at about $27,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of Guggenheim Strategic Opportunities Fund by 81.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,455 shares of the investment management company’s stock worth $31,000 after purchasing an additional 1,100 shares during the period. CENTRAL TRUST Co purchased a new stake in shares of Guggenheim Strategic Opportunities Fund during the first quarter worth about $28,000. Advisory Services Network LLC purchased a new stake in shares of Guggenheim Strategic Opportunities Fund during the third quarter worth about $84,000. Finally, Triumph Capital Management purchased a new stake in shares of Guggenheim Strategic Opportunities Fund during the third quarter worth about $85,000.

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.