RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Short Interest Update

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

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Down 0.8 %

OPP stock traded down $0.07 during midday trading on Friday, reaching $8.28. The company had a trading volume of 81,723 shares, compared to its average volume of 110,907. RiverNorth/DoubleLine Strategic Opportunity Fund has a 1-year low of $8.11 and a 1-year high of $9.30. The stock has a 50 day moving average price of $8.54 and a 200-day moving average price of $8.76.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the 3rd quarter worth approximately $77,000. Sanctuary Advisors LLC bought a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the third quarter worth $97,000. Stifel Financial Corp increased its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 26.8% during the third quarter. Stifel Financial Corp now owns 27,503 shares of the company’s stock worth $250,000 after buying an additional 5,807 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 3rd quarter valued at $278,000. Finally, CoreCap Advisors LLC bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 2nd quarter valued at $301,000.

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.