December 11, 2023

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Business is my step

RiverNorth/DoubleLine Strategic Option Fund, Inc. (NYSE:OPP) Sees Considerable Progress in Brief Interest

3 min read

RiverNorth/DoubleLine Strategic Prospect Fund, Inc. (NYSE:OPP) was the goal of a substantial increase in short curiosity through the thirty day period of December. As of December 31st, there was limited fascination totalling 8,100 shares, an increase of 118.9% from the December 15th whole of 3,700 shares. Dependent on an average day by day quantity of 86,400 shares, the quick-interest ratio is at present .1 times.

Shares of RiverNorth/DoubleLine Strategic Chance Fund inventory traded up $.15 for the duration of trading on Wednesday, hitting $14.57. 50,375 shares of the inventory were exchanged, in contrast to its common quantity of 105,925. The firm’s 50-working day shifting typical price tag is $14.35 and its 200 day moving ordinary price tag is $14.10. RiverNorth/DoubleLine Strategic Opportunity Fund has a 12-thirty day period very low of $10.56 and a 12-thirty day period high of $17.17.

The business also lately declared a month to month dividend, which will be paid on Wednesday, March 31st. Investors of document on Wednesday, March 17th will be paid out a dividend of $.1586 per share. The ex-dividend date is Tuesday, March 16th. This represents a $1.90 annualized dividend and a produce of 13.06%.

In other news, Portfolio Supervisor Patrick W. Galley acquired 3,100 shares of the firm’s inventory in a transaction dated Tuesday, October 20th. The stock was obtained at an normal price of $14.89 for every share, with a total worth of $46,159.00. Pursuing the transaction, the portfolio manager now owns 9,919 shares in the firm, valued at $147,693.91. The transaction was disclosed in a doc filed with the SEC, which is obtainable at this url.

A number of massive buyers have not too long ago designed improvements to their positions in OPP. Non-public Advisor Group LLC acquired a new stake in RiverNorth/DoubleLine Strategic Prospect Fund through the 2nd quarter worthy of $56,000. Ford Monetary Group LLC increased its stake in RiverNorth/DoubleLine Strategic Possibility Fund by 7.6% in the third quarter. Ford Economic Group LLC now owns 37,823 shares of the company’s inventory valued at $518,000 soon after obtaining an more 2,672 shares throughout the interval. Moloney Securities Asset Administration LLC improved its stake in RiverNorth/DoubleLine Strategic Opportunity Fund by 5.4% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 151,432 shares of the company’s inventory valued at $2,078,000 following buying an added 7,732 shares all through the period of time. Lastly, Shaker Financial Products and services LLC obtained a new situation in RiverNorth/DoubleLine Strategic Possibility Fund in the 3rd quarter valued at $486,000.

About RiverNorth/DoubleLine Strategic Prospect Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc is a shut ended fixed money mutual fund released and managed by RiverNorth Money Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fastened money marketplaces. The fund seeks to benchmark the general performance of its portfolio against the Barclays Cash U.S.

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