RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) Short Interest Up 34.3% in February

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 80,700 shares, an increase of 34.3% from the January 31st total of 60,100 shares. Based on an average trading volume of 129,400 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Stifel Financial Corp grew its position 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 valued at $250,000 after purchasing an additional 5,807 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the third quarter valued at about $97,000. Absolute Investment Advisers LLC purchased a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter valued at about $1,037,000. Strategic Financial Concepts LLC grew its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 846.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 133,440 shares of the company’s stock valued at $1,113,000 after purchasing an additional 119,340 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund by 19.3% during the fourth quarter. SeaCrest Wealth Management LLC now owns 64,038 shares of the company’s stock valued at $534,000 after purchasing an additional 10,361 shares in the last quarter.

RiverNorth/DoubleLine Strategic Opportunity Fund Price Performance

NYSE:OPP opened at $8.77 on Thursday. The business’s 50-day simple moving average is $8.51 and its two-hundred day simple moving average is $8.68. RiverNorth/DoubleLine Strategic Opportunity Fund has a 52 week low of $8.11 and a 52 week high of $9.30.

RiverNorth/DoubleLine Strategic Opportunity Fund Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a dividend of $0.095 per share. The ex-dividend date was Wednesday, January 15th. This represents a dividend yield of 13.72%.

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.