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, April 1st. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.091 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 14.1%. The ex-dividend date is Wednesday, April 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund Stock Performance

Shares of OPP stock traded up $0.03 during trading hours on Monday, hitting $7.77. The company had a trading volume of 70,312 shares, compared to its average volume of 102,219. The company’s fifty day moving average is $7.76 and its 200 day moving average is $7.96. RiverNorth/DoubleLine Strategic Opportunity Fund has a fifty-two week low of $7.49 and a fifty-two week high of $8.82.

Hedge Funds Weigh In On RiverNorth/DoubleLine Strategic Opportunity Fund

Several large investors have recently made changes to their positions in the stock. Sit Investment Associates Inc. acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter worth approximately $1,894,000. NewEdge Advisors LLC lifted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 213,449 shares of the company’s stock worth $1,697,000 after acquiring an additional 31,224 shares during the last quarter. 1607 Capital Partners LLC lifted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 453.6% in the 4th quarter. 1607 Capital Partners LLC now owns 178,157 shares of the company’s stock worth $1,416,000 after acquiring an additional 145,973 shares during the last quarter. Almitas Capital LLC acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter worth approximately $270,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 117.8% in the 4th quarter. Osaic Holdings Inc. now owns 90,009 shares of the company’s stock worth $716,000 after acquiring an additional 48,681 shares during the last quarter.

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.