RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP – Get Free Report) announced a monthly dividend on Wednesday, April 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.091 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 14.0%. The ex-dividend date of this dividend is Friday, May 15th.
RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance
OPP stock traded down $0.01 on Wednesday, reaching $7.77. The company had a trading volume of 2,723 shares, compared to its average volume of 98,972. The company’s fifty day moving average is $7.74 and its 200 day moving average is $7.87. RiverNorth/DoubleLine Strategic Opportunity Fund has a 1 year low of $7.49 and a 1 year high of $8.82.
Institutional Trading of RiverNorth/DoubleLine Strategic Opportunity Fund
Hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 921.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,525 shares of the company’s stock worth $30,000 after buying an additional 3,180 shares during the last quarter. Advisory Services Network LLC acquired a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the third quarter worth approximately $38,000. Bank of America Corp DE raised its stake in 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 worth $40,000 after purchasing an additional 3,114 shares during the period. Global Retirement Partners LLC purchased a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter worth approximately $45,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter valued at $88,000.
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.
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