Sit Investment Associates Inc. Invests $1.89 Million in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. $OPP

Posted by Brenda Bartman on Jun 21st, 2026

Sit Investment Associates Inc. bought a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP – Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 238,253 shares of the company’s stock, valued at approximately $1,894,000.

Several other hedge funds also recently bought and sold shares of OPP. Geneos Wealth Management Inc. boosted its holdings in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 921.7% during the first quarter. Geneos Wealth Management Inc. now owns 3,525 shares of the company’s stock worth $30,000 after purchasing an additional 3,180 shares during the last quarter. Advisory Services Network LLC acquired a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the third quarter valued at $38,000. Bank of America Corp DE lifted its position in RiverNorth/DoubleLine Strategic Opportunity Fund by 198.7% during the third quarter. Bank of America Corp DE now owns 4,681 shares of the company’s stock worth $40,000 after buying an additional 3,114 shares during the period. Global Retirement Partners LLC purchased a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter worth about $45,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter worth about $88,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

OPP opened at $7.54 on Friday. The company’s 50 day simple moving average is $7.71 and its 200 day simple moving average is $7.79. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 1 year low of $7.49 and a 1 year high of $8.82.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.091 per share. This represents a c) annualized dividend and a yield of 14.5%. The ex-dividend date is Monday, June 15th.

RiverNorth/DoubleLine Strategic Opportunity Fund Profile

(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.