RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP) Shares Down 0.3%

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)’s share price dropped 0.3% during trading on Friday . The company traded as low as $8.83 and last traded at $8.86. Approximately 71,835 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 93,884 shares. The stock had previously closed at $8.89.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

The stock’s 50-day moving average is $8.66 and its 200-day moving average is $8.48.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.1003 per share. This represents a $1.20 annualized dividend and a dividend yield of 13.58%. The ex-dividend date is Friday, September 13th.

Institutional Trading of RiverNorth/DoubleLine Strategic Opportunity Fund

Several institutional investors have recently made changes to their positions in OPP. Future Financial Wealth Managment LLC acquired a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the first quarter valued at about $73,000. BlackDiamond Wealth Management LLC bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the fourth quarter valued at approximately $86,000. Nomura Holdings Inc. acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter worth approximately $130,000. J.W. Cole Advisors Inc. bought a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund during the 1st quarter worth approximately $160,000. Finally, Integrated Capital Management Inc. grew its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 7.2% during the 1st quarter. Integrated Capital Management Inc. now owns 20,193 shares of the company’s stock worth $174,000 after acquiring an additional 1,363 shares during the last quarter.

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.