Short Interest in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Decreases By 69.3%

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 50,000 shares, a decrease of 69.3% from the November 30th total of 162,800 shares. Based on an average daily trading volume, of 153,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wedbush Securities Inc. grew its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 3.2% in the 2nd quarter. Wedbush Securities Inc. now owns 54,400 shares of the company’s stock valued at $471,000 after buying an additional 1,700 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 9.6% in the third quarter. SeaCrest Wealth Management LLC now owns 53,677 shares of the company’s stock worth $487,000 after acquiring an additional 4,694 shares during the period. Stifel Financial Corp boosted its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 26.8% in the third quarter. Stifel Financial Corp now owns 27,503 shares of the company’s stock valued at $250,000 after acquiring an additional 5,807 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund during the 3rd quarter valued at approximately $77,000. Finally, Sanctuary Advisors LLC bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the 3rd quarter worth approximately $97,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Down 0.8 %

OPP traded down $0.07 during trading on Friday, reaching $8.28. 81,723 shares of the company’s stock were exchanged, compared to its average volume of 110,907. RiverNorth/DoubleLine Strategic Opportunity Fund has a one year low of $8.11 and a one year high of $9.30. The firm has a fifty day moving average price of $8.54 and a two-hundred day moving average price of $8.76.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.1003 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.20 annualized dividend and a dividend yield of 14.54%.

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.