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

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 80,700 shares, a growth of 34.3% from the January 31st total of 60,100 shares. Based on an average daily volume of 129,400 shares, the short-interest ratio is presently 0.6 days.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Up 0.6 %

Shares of NYSE:OPP opened at $8.77 on Tuesday. The business’s fifty day moving average price is $8.49 and its two-hundred day moving average price is $8.68. RiverNorth/DoubleLine Strategic Opportunity Fund has a fifty-two week low of $8.11 and a fifty-two week high of $9.30.

RiverNorth/DoubleLine Strategic Opportunity Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of $0.095 per share. This represents a dividend yield of 13.72%. The ex-dividend date of this dividend was Wednesday, January 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of OPP. Shaker Financial Services LLC increased its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 46.2% in the third quarter. Shaker Financial Services LLC now owns 114,248 shares of the company’s stock valued at $1,037,000 after purchasing an additional 36,120 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 3rd quarter valued at $523,000. Stifel Financial Corp raised its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 26.8% during the third quarter. Stifel Financial Corp now owns 27,503 shares of the company’s stock worth $250,000 after acquiring an additional 5,807 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the third quarter valued at $97,000. Finally, Wilmington Savings Fund Society FSB bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the third quarter valued at about $278,000.

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.