Short Interest in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Decreases By 44.5%

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 68,071 shares, a decline of 44.5% from the July 15th total of 122,705 shares. Based on an average daily volume of 79,594 shares, the short-interest ratio is presently 0.9 days.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

NYSE OPP traded down $0.03 during trading hours on Tuesday, reaching $7.53. The company’s stock had a trading volume of 71,677 shares, compared to its average volume of 91,987. The company’s 50-day moving average is $7.63 and its two-hundred day moving average is $7.71. RiverNorth/DoubleLine Strategic Opportunity Fund has a 1-year low of $7.47 and a 1-year high of $8.82.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given a $0.091 dividend. The ex-dividend date was Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 14.5%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in OPP. Almitas Capital LLC purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 2nd quarter valued at approximately $112,000. Perennial Investment Advisors LLC purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 2nd quarter valued at approximately $126,000. Ausdal Financial Partners Inc. acquired a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the second quarter valued at approximately $99,000. WFA of San Diego LLC purchased a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the second quarter worth approximately $169,000. Finally, Sanctuary Advisors LLC purchased a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the second quarter worth approximately $137,000.

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