Short Interest in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Increases By 113.1%

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 122,705 shares, an increase of 113.1% from the June 30th total of 57,580 shares. Based on an average daily trading volume, of 74,487 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On RiverNorth/DoubleLine Strategic Opportunity Fund

Hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 921.7% in the first quarter. Geneos Wealth Management Inc. now owns 3,525 shares of the company’s stock worth $30,000 after purchasing an additional 3,180 shares during the period. Advisory Services Network LLC purchased a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the third quarter valued at $38,000. Bank of America Corp DE lifted its position 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 valued at $40,000 after buying an additional 3,114 shares during the period. Global Retirement Partners LLC bought a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter valued at $45,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter worth about $88,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

OPP traded up $0.04 on Thursday, hitting $7.60. The company had a trading volume of 69,460 shares, compared to its average volume of 92,789. The stock has a fifty day simple moving average of $7.63 and a 200-day simple moving average of $7.73. RiverNorth/DoubleLine Strategic Opportunity Fund has a 52-week low of $7.47 and a 52-week high of $8.82.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.091 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 14.4%.

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.