RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Short Interest Down 36.6% in August

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 47,659 shares, a decline of 36.6% from the August 15th total of 75,156 shares. Based on an average daily volume of 92,932 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of RiverNorth/DoubleLine Strategic Opportunity Fund

A number of large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the second quarter valued at $52,000. Ausdal Financial Partners Inc. bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the second quarter valued at approximately $99,000. Advisory Solutions Group LLC purchased a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund in the second quarter worth $105,000. Almitas Capital LLC bought a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund during the 2nd quarter valued at about $112,000. Finally, Perennial Investment Advisors LLC bought a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the second quarter worth approximately $126,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Up 0.9%

RiverNorth/DoubleLine Strategic Opportunity Fund stock traded up $0.07 during mid-day trading on Thursday, hitting $7.17. The stock had a trading volume of 191,445 shares, compared to its average volume of 94,149. The firm’s 50 day moving average is $7.55 and its 200 day moving average is $7.64. RiverNorth/DoubleLine Strategic Opportunity Fund has a one year low of $7.01 and a one year high of $8.67.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a $0.091 dividend. This represents a c) annualized dividend and a yield of 15.2%. The ex-dividend date was Wednesday, July 15th.

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. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc was formed on December 30, 2010 and is domiciled in the United States.