RiverNorth/DoubleLine Strategic Opportunity Fund (NYSE:OPP) Trading 0.4% Higher – Here’s Why

Posted by Alanna Baker on Dec 11th, 2024

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP – Get Free Report) shares traded up 0.4% during mid-day trading on Monday . The company traded as high as $8.53 and last traded at $8.52. 119,666 shares were traded during trading, an increase of 11% from the average session volume of 107,537 shares. The stock had previously closed at $8.49.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Up 0.8 %

The company has a 50-day moving average price of $8.69 and a 200-day moving average price of $8.77.

RiverNorth/DoubleLine Strategic Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.1003 per share. This represents a $1.20 dividend on an annualized basis and a yield of 13.93%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of RiverNorth/DoubleLine Strategic Opportunity Fund

Several hedge funds have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC acquired a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund during the 3rd quarter worth approximately $77,000. Sanctuary Advisors LLC bought a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the third quarter worth $97,000. Stifel Financial Corp raised its holdings 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 worth $250,000 after acquiring an additional 5,807 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund in the 3rd quarter valued at $278,000. Finally, CoreCap Advisors LLC bought a new stake in RiverNorth/DoubleLine Strategic Opportunity Fund in the 2nd quarter valued at $301,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Company Profile

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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.