Rivernorth Opportunities Fund Inc (NYSE:RIV) insider Rivernorth Capital Management, sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $20.10, for a total transaction of $261,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Rivernorth Capital Management, also recently made the following trade(s):
- On Thursday, December 21st, Rivernorth Capital Management, sold 13,442 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $19.75, for a total transaction of $265,479.50.
- On Tuesday, October 10th, Rivernorth Capital Management, sold 14,374 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $21.01, for a total transaction of $301,997.74.
- On Thursday, October 5th, Rivernorth Capital Management, sold 7,000 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $20.72, for a total transaction of $145,040.00.
Rivernorth Opportunities Fund Inc (RIV) traded up $0.04 during mid-day trading on Thursday, hitting $20.25. 40,100 shares of the company were exchanged, compared to its average volume of 66,250. Rivernorth Opportunities Fund Inc has a 1-year low of $18.76 and a 1-year high of $21.57.
The company also recently disclosed a monthly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 15th were issued a $0.21 dividend. The ex-dividend date was Thursday, December 14th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 12.44%.
A hedge fund recently bought a new stake in Rivernorth Opportunities Fund stock. Sit Investment Associates Inc. acquired a new position in Rivernorth Opportunities Fund Inc (NYSE:RIV) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,261 shares of the company’s stock, valued at approximately $129,000.
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About Rivernorth Opportunities Fund
Rivernorth Opportunities Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds and exchange-traded funds (ETFs, and collectively, Underlying Funds).
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