Jefferies Financial Group Inc. Invests $83,000 in RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)

Jefferies Financial Group Inc. bought a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,000 shares of the company’s stock, valued at approximately $83,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ausdal Financial Partners Inc. acquired a new position in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the fourth quarter worth about $84,000. Landscape Capital Management L.L.C. purchased a new stake in shares of RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter valued at about $106,000. Virtu Financial LLC acquired a new position in RiverNorth/DoubleLine Strategic Opportunity Fund during the 4th quarter worth approximately $127,000. Strategic Financial Concepts LLC boosted its holdings in RiverNorth/DoubleLine Strategic Opportunity Fund by 13.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 16,000 shares of the company’s stock worth $133,000 after acquiring an additional 1,900 shares during the period. Finally, Powell Investment Advisors LLC purchased a new position in RiverNorth/DoubleLine Strategic Opportunity Fund in the 4th quarter worth approximately $146,000.

RiverNorth/DoubleLine Strategic Opportunity Fund Trading Down 0.2%

OPP opened at $8.42 on Monday. The firm’s 50 day moving average is $8.39 and its 200-day moving average is $8.47. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has a 52-week low of $7.91 and a 52-week high of $9.30.

RiverNorth/DoubleLine Strategic Opportunity Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.095 per share. This represents a yield of 13.45%. The ex-dividend date is Thursday, May 15th.

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.