RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 454,700 shares, a growth of 596.3% from the October 15th total of 65,300 shares. Based on an average daily trading volume, of 116,900 shares, the short-interest ratio is presently 3.9 days.
RiverNorth/DoubleLine Strategic Opportunity Fund Stock Down 2.2 %
Shares of NYSE OPP traded down $0.19 during trading hours on Tuesday, hitting $8.55. The company’s stock had a trading volume of 275,542 shares, compared to its average volume of 101,777. RiverNorth/DoubleLine Strategic Opportunity Fund has a 12 month low of $7.78 and a 12 month high of $9.30. The business has a 50-day simple moving average of $8.95 and a 200-day simple moving average of $8.77.
RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.1003 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 14.08%.
Hedge Funds Weigh In On RiverNorth/DoubleLine Strategic Opportunity Fund
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.
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