RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Short Interest Update

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 daily volume of 94,853 shares, the days-to-cover ratio is presently 1.2 days.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

OPP stock traded down $0.14 during trading on Friday, reaching $7.67. 60,611 shares of the company traded hands, compared to its average volume of 99,269. RiverNorth/DoubleLine Strategic Opportunity Fund has a 12 month low of $7.49 and a 12 month high of $8.82. The business has a 50 day simple moving average of $7.73 and a 200 day simple moving average of $7.87.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.091 dividend. This represents a c) annualized dividend and a yield of 14.2%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On RiverNorth/DoubleLine Strategic Opportunity Fund

Institutional investors have recently added to or reduced their stakes in the business. PFG Investments LLC boosted its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 218.4% in the fourth quarter. PFG Investments LLC now owns 136,424 shares of the company’s stock worth $1,085,000 after acquiring an additional 93,573 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 136.7% in the third quarter. Advisors Asset Management Inc. now owns 364,018 shares of the company’s stock worth $3,105,000 after acquiring an additional 210,203 shares in the last quarter. Riverbridge Partners LLC boosted its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 262.6% in the fourth quarter. Riverbridge Partners LLC now owns 224,106 shares of the company’s stock worth $1,782,000 after acquiring an additional 162,298 shares in the last quarter. SeaCrest Wealth Management LLC boosted its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 1.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 68,904 shares of the company’s stock worth $542,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Yakira Capital Management Inc. acquired a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund in the fourth quarter worth about $752,000.

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.