RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP) Trading Down 1% – Time to Sell?

Shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) fell 1% on Thursday . The stock traded as low as $7.61 and last traded at $7.6310. 39,354 shares traded hands during trading, a decline of 58% from the average daily volume of 93,485 shares. The stock had previously closed at $7.71.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Down 1.0%

The business has a fifty day moving average of $7.63 and a 200-day moving average of $7.74.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.091 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date is Wednesday, July 15th.

Institutional Trading of RiverNorth/DoubleLine Strategic Opportunity Fund

Large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its holdings in shares of 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 valued at $30,000 after buying an additional 3,180 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 3rd quarter worth $38,000. Bank of America Corp DE boosted its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 198.7% during the 3rd quarter. Bank of America Corp DE now owns 4,681 shares of the company’s stock worth $40,000 after acquiring an additional 3,114 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter worth $45,000. Finally, Jane Street Group LLC acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 2nd quarter worth $92,000.

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.