Short Interest in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Grows By 489.2%

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPPGet Rating) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 93,100 shares, a growth of 489.2% from the March 31st total of 15,800 shares. Based on an average daily volume of 144,000 shares, the days-to-cover ratio is currently 0.6 days.

Institutional investors have recently modified their holdings of the business. SG3 Management LLC acquired a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund in the fourth quarter valued at approximately $68,000. Castle Financial & Retirement Planning Associates Inc. acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter worth $155,000. Wedbush Securities Inc. acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the first quarter worth $201,000. Manchester Financial Inc. lifted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 15.6% during the fourth quarter. Manchester Financial Inc. now owns 16,715 shares of the company’s stock worth $237,000 after purchasing an additional 2,255 shares during the period. Finally, Guggenheim Capital LLC acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the third quarter worth $264,000.

Shares of OPP opened at $11.67 on Thursday. RiverNorth/DoubleLine Strategic Opportunity Fund has a 12 month low of $11.66 and a 12 month high of $16.36. The firm’s 50 day moving average is $12.60 and its 200-day moving average is $13.90.

The business also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be given a $0.1478 dividend. The ex-dividend date of this dividend is Wednesday, June 15th. This represents a $1.77 dividend on an annualized basis and a yield of 15.20%.

About RiverNorth/DoubleLine Strategic Opportunity Fund (Get Rating)

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.

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