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 increase in short interest in the month of April. As of April 30th, there was short interest totaling 111,513 shares, an increase of 142.8% from the April 15th total of 45,935 shares. Based on an average trading volume of 94,853 shares, the short-interest ratio is presently 1.2 days.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Down 1.8%

NYSE:OPP traded down $0.14 during trading hours on Friday, reaching $7.67. The company had a trading volume of 60,611 shares, compared to its average volume of 99,269. RiverNorth/DoubleLine Strategic Opportunity Fund has a 1-year low of $7.49 and a 1-year high of $8.82. The business’s 50 day moving average price is $7.73 and its 200-day moving average price is $7.87.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.091 dividend. This represents a c) annualized dividend and a dividend yield of 14.2%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. PFG Investments LLC raised its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 218.4% in the fourth quarter. PFG Investments LLC now owns 136,424 shares of the company’s stock worth $1,085,000 after acquiring an additional 93,573 shares during the period. Advisors Asset Management Inc. raised its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 136.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 364,018 shares of the company’s stock worth $3,105,000 after purchasing an additional 210,203 shares during the period. Riverbridge Partners LLC raised its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 262.6% in the 4th quarter. Riverbridge Partners LLC now owns 224,106 shares of the company’s stock worth $1,782,000 after purchasing an additional 162,298 shares during the period. Comerica Bank boosted its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 23.4% during the fourth quarter. Comerica Bank now owns 37,432 shares of the company’s stock worth $298,000 after purchasing an additional 7,104 shares in the last quarter. Finally, Verity Asset Management Inc. grew its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 9.7% in the fourth quarter. Verity Asset Management Inc. now owns 86,809 shares of the company’s stock valued at $690,000 after purchasing an additional 7,705 shares during the period.

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.