RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP) Trading Up 0.1% – Here’s What Happened

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP – Get Free Report)’s stock price shot up 0.1% during trading on Monday . The stock traded as high as $7.88 and last traded at $7.8450. 71,840 shares traded hands during trading, a decline of 28% from the average session volume of 99,689 shares. The stock had previously closed at $7.84.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

The firm has a 50 day moving average of $7.74 and a two-hundred day moving average of $7.88.

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RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.091 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 13.9%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 921.7% in the first quarter. Geneos Wealth Management Inc. now owns 3,525 shares of the company’s stock worth $30,000 after buying an additional 3,180 shares during the period. Advisory Services Network LLC bought a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 3rd quarter valued at approximately $38,000. Bank of America Corp DE increased 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 worth $40,000 after acquiring an additional 3,114 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter worth approximately $45,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter worth approximately $88,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Company Profile

(Get Free Report)

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.

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