RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Monthly Dividend of $0.09 (NYSE:OPP)

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) declared a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be paid a dividend of 0.091 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 14.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

RiverNorth/DoubleLine Strategic Opportunity Fund stock traded down $0.04 during mid-day trading on Thursday, reaching $7.68. The company had a trading volume of 3,920 shares, compared to its average volume of 95,308. The business has a fifty day simple moving average of $7.67 and a 200 day simple moving average of $7.76. RiverNorth/DoubleLine Strategic Opportunity Fund has a fifty-two week low of $7.47 and a fifty-two week high of $8.82.

Hedge Funds Weigh In On RiverNorth/DoubleLine Strategic Opportunity Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. SeaCrest Wealth Management LLC raised its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 1.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 68,904 shares of the company’s stock valued at $542,000 after purchasing an additional 1,300 shares during the last quarter. PFG Investments LLC increased its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 1.0% in the first quarter. PFG Investments LLC now owns 137,792 shares of the company’s stock valued at $1,057,000 after buying an additional 1,368 shares during the period. Wedbush Securities Inc. increased its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 3.5% in the fourth quarter. Wedbush Securities Inc. now owns 62,432 shares of the company’s stock valued at $496,000 after buying an additional 2,132 shares during the period. Powell Investment Advisors LLC raised its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 11.7% in the 3rd quarter. Powell Investment Advisors LLC now owns 24,446 shares of the company’s stock valued at $209,000 after buying an additional 2,557 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 198.7% in the 3rd quarter. Bank of America Corp DE now owns 4,681 shares of the company’s stock valued at $40,000 after buying an additional 3,114 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. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.