RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Short Interest Down 33.9% in August

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 18,500 shares, a drop of 33.9% from the August 15th total of 28,000 shares. Based on an average trading volume of 100,600 shares, the days-to-cover ratio is currently 0.2 days.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

RiverNorth/DoubleLine Strategic Opportunity Fund stock traded down $0.08 during midday trading on Monday, hitting $9.04. 126,132 shares of the stock were exchanged, compared to its average volume of 96,502. The stock’s 50-day simple moving average is $8.88 and its 200 day simple moving average is $8.61. RiverNorth/DoubleLine Strategic Opportunity Fund has a fifty-two week low of $7.26 and a fifty-two week high of $9.30.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.1003 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 13.31%.

Institutional Trading of RiverNorth/DoubleLine Strategic Opportunity Fund

Several institutional investors have recently made changes to their positions in the company. Verity Asset Management Inc. increased its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 6.0% during the fourth quarter. Verity Asset Management Inc. now owns 38,543 shares of the company’s stock worth $322,000 after acquiring an additional 2,195 shares during the last quarter. BlackDiamond Wealth Management LLC acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter worth about $86,000. 1607 Capital Partners LLC raised its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 6.5% in the 4th quarter. 1607 Capital Partners LLC now owns 147,850 shares of the company’s stock valued at $1,236,000 after buying an additional 9,000 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 10.1% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 32,579 shares of the company’s stock valued at $272,000 after buying an additional 3,000 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the fourth quarter valued at about $130,000.

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.