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Business Wire (Thu, 16-Apr 4:30 PM ET)
RiverNorth Closed-End Funds Declare Monthly Distributions
Business Wire (Wed, 1-Apr 4:30 PM ET)
RiverNorth/DoubleLine Strategic Opportunity Fund Inc is a closed-end management investment company. The company's investment objective is to seek current income and overall total return.
Rivernorth/Doubleline Strategic Opportunity trades on the NYSE stock market under the symbol OPP.
As of April 29, 2026, OPP stock price climbed to $7.87 with 66,694 million shares trading.
OPP has a beta of 0.22, meaning it tends to be less sensitive to market movements. OPP has a correlation of 0.18 to the broad based SPY ETF.
OPP has a market cap of $105.34 million. This is considered a Micro Cap stock.
In the last 3 years, OPP traded as high as $9.30 and as low as $7.26.
OPP has underperformed the market in the last year with a price return of +9.3% while the SPY ETF gained +30.4%. However, in the short term, OPP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +3.7% vs +2.5% return in SPY. But in the last 2 weeks, OPP shares have been beat by the market, returning +2.2% compared to an SPY return of +2.4%.
OPP support price is $7.72 and resistance is $7.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OPP shares will trade within this expected range on the day.
