RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP) Shares Down 1% – What’s Next?

Shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) traded down 1% during mid-day trading on Friday . The company traded as low as $7.49 and last traded at $7.56. 114,659 shares changed hands during trading, an increase of 15% from the average session volume of 99,598 shares. The stock had previously closed at $7.64.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Down 1.0%

The business’s fifty day simple moving average is $7.72 and its 200-day simple moving average is $7.82.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.091 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 14.4%.

Hedge Funds Weigh In On RiverNorth/DoubleLine Strategic Opportunity Fund

Hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 921.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,525 shares of the company’s stock worth $30,000 after acquiring an additional 3,180 shares during the period. Advisory Services Network LLC bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the third quarter worth $38,000. Bank of America Corp DE increased its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 198.7% in the third quarter. Bank of America Corp DE now owns 4,681 shares of the company’s stock worth $40,000 after purchasing an additional 3,114 shares during the period. Global Retirement Partners LLC bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the fourth quarter worth $45,000. Finally, Jane Street Group LLC bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the second 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.