Guggenheim Strategic Opportunities Fund (NYSE:GOF) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Shares of Guggenheim Strategic Opportunities Fund (NYSE:GOF) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.56 and traded as high as $13.00. Guggenheim Strategic Opportunities Fund shares last traded at $12.7750, with a volume of 1,960,184 shares.

Guggenheim Strategic Opportunities Fund Trading Down 0.8%

The company has a 50-day simple moving average of $12.56 and a two-hundred day simple moving average of $14.04.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.1821 dividend. This represents a c) annualized dividend and a yield of 17.1%. The ex-dividend date of this dividend was Monday, December 15th.

Institutional Trading of Guggenheim Strategic Opportunities Fund

A number of hedge funds have recently modified their holdings of GOF. Triumph Capital Management purchased a new stake in shares of Guggenheim Strategic Opportunities Fund in the 3rd quarter worth about $85,000. PMG Family Office LLC purchased a new stake in Guggenheim Strategic Opportunities Fund in the third quarter worth about $843,000. Sunbelt Securities Inc. grew its holdings in Guggenheim Strategic Opportunities Fund by 46.8% in the third quarter. Sunbelt Securities Inc. now owns 11,522 shares of the investment management company’s stock worth $173,000 after purchasing an additional 3,671 shares during the period. Advisory Services Network LLC bought a new position in shares of Guggenheim Strategic Opportunities Fund during the third quarter valued at approximately $84,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Guggenheim Strategic Opportunities Fund by 9.7% during the third quarter. NewEdge Advisors LLC now owns 118,171 shares of the investment management company’s stock valued at $1,770,000 after purchasing an additional 10,419 shares during the last quarter.

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.