RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Short Interest Update

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 77,000 shares, an increase of 75.0% from the March 31st total of 44,000 shares. Based on an average daily volume of 82,500 shares, the days-to-cover ratio is presently 0.9 days.

RiverNorth Opportunities Fund Stock Up 0.8 %

Shares of RIV opened at $11.66 on Friday. The stock’s fifty day simple moving average is $11.77 and its 200 day simple moving average is $11.17. RiverNorth Opportunities Fund has a twelve month low of $9.63 and a twelve month high of $12.43.

RiverNorth Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.1289 dividend. This represents a $1.55 annualized dividend and a dividend yield of 13.27%. The ex-dividend date of this dividend is Friday, June 14th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RIV. Commonwealth Equity Services LLC grew its stake in shares of RiverNorth Opportunities Fund by 4.0% during the third quarter. Commonwealth Equity Services LLC now owns 33,707 shares of the company’s stock valued at $354,000 after acquiring an additional 1,292 shares in the last quarter. Channel Wealth LLC lifted its position in RiverNorth Opportunities Fund by 4.3% in the third quarter. Channel Wealth LLC now owns 26,396 shares of the company’s stock worth $277,000 after purchasing an additional 1,080 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of RiverNorth Opportunities Fund by 14.4% in the third quarter. Oppenheimer & Co. Inc. now owns 39,180 shares of the company’s stock valued at $412,000 after buying an additional 4,923 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in RiverNorth Opportunities Fund by 6.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 267,409 shares of the company’s stock valued at $2,810,000 after purchasing an additional 15,770 shares during the period. Finally, CoreCap Advisors LLC raised its stake in RiverNorth Opportunities Fund by 14.8% during the 4th quarter. CoreCap Advisors LLC now owns 12,425 shares of the company’s stock valued at $137,000 after purchasing an additional 1,600 shares during the period.

About RiverNorth Opportunities Fund

RiverNorth Opportunities Fund, Inc is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc was formed on December 24, 2015 and is domiciled in the United States.