RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP) Shares Down 0.6% – Here’s What Happened

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)’s share price fell 0.6% on Wednesday . The company traded as low as $7.95 and last traded at $7.97. 219,717 shares traded hands during mid-day trading, an increase of 117% from the average session volume of 101,344 shares. The stock had previously closed at $8.02.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Up 0.8%

The business’s fifty day simple moving average is $8.25 and its 200-day simple moving average is $8.43.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.095 dividend. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 14.2%.

Institutional Trading of RiverNorth/DoubleLine Strategic Opportunity Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the 3rd quarter worth about $38,000. NewEdge Advisors LLC lifted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 297.9% in the third quarter. NewEdge Advisors LLC now owns 182,225 shares of the company’s stock worth $1,554,000 after buying an additional 136,425 shares in the last quarter. Verity Asset Management Inc. boosted its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 29.2% in the third quarter. Verity Asset Management Inc. now owns 79,104 shares of the company’s stock valued at $675,000 after acquiring an additional 17,895 shares during the period. Bank of America Corp DE boosted its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 198.7% in the third quarter. Bank of America Corp DE now owns 4,681 shares of the company’s stock valued at $40,000 after acquiring an additional 3,114 shares during the period. Finally, SeaCrest Wealth Management LLC grew its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 10.3% during the third quarter. SeaCrest Wealth Management LLC now owns 67,604 shares of the company’s stock valued at $567,000 after acquiring an additional 6,334 shares in the last quarter.

About RiverNorth/DoubleLine Strategic Opportunity Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets. The fund seeks to benchmark the performance of its portfolio against the Barclays Capital U.S.