RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Sees Significant Growth in Short Interest

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 111,513 shares, an increase of 142.8% from the April 15th total of 45,935 shares. Based on an average trading volume of 94,853 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. grew its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 921.7% during the first quarter. Geneos Wealth Management Inc. now owns 3,525 shares of the company’s stock valued at $30,000 after buying an additional 3,180 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the third quarter valued at approximately $38,000. Bank of America Corp DE grew its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 198.7% during the third quarter. Bank of America Corp DE now owns 4,681 shares of the company’s stock valued at $40,000 after buying an additional 3,114 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter valued at approximately $45,000. Finally, Jane Street Group LLC bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the second quarter valued at approximately $92,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Down 1.9%

OPP traded down $0.15 on Friday, hitting $7.66. The company had a trading volume of 73,412 shares, compared to its average volume of 99,407. RiverNorth/DoubleLine Strategic Opportunity Fund has a 12-month low of $7.49 and a 12-month high of $8.82. The business’s fifty day simple moving average is $7.73 and its 200 day simple moving average is $7.87.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.091 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 14.3%.

RiverNorth/DoubleLine Strategic Opportunity Fund Company Profile

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. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.