RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Short Interest Down 44.5% in July

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 68,071 shares, a decline of 44.5% from the July 15th total of 122,705 shares. Based on an average daily volume of 79,594 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of RiverNorth/DoubleLine Strategic Opportunity Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 23.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,325,507 shares of the company’s stock worth $10,538,000 after acquiring an additional 252,749 shares during the last quarter. Sit Investment Associates Inc. acquired a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter worth $1,894,000. 1607 Capital Partners LLC boosted its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 453.6% in the fourth quarter. 1607 Capital Partners LLC now owns 178,157 shares of the company’s stock valued at $1,416,000 after acquiring an additional 145,973 shares during the period. NewEdge Advisors LLC increased its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 297.9% during the third quarter. NewEdge Advisors LLC now owns 182,225 shares of the company’s stock worth $1,554,000 after acquiring an additional 136,425 shares during the period. Finally, Yakira Capital Management Inc. acquired a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter worth about $752,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

RiverNorth/DoubleLine Strategic Opportunity Fund stock opened at $7.53 on Wednesday. RiverNorth/DoubleLine Strategic Opportunity Fund has a one year low of $7.47 and a one year high of $8.82. The firm has a 50-day moving average of $7.63 and a 200-day moving average of $7.71.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a $0.091 dividend. The ex-dividend date was Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 14.5%.

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. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.