RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Short Interest Update

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 200 shares, a decrease of 95.3% from the November 30th total of 4,300 shares. Based on an average trading volume of 25,500 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On RiverNorth Opportunistic Municipal Income Fund

A hedge fund recently raised its stake in RiverNorth Opportunistic Municipal Income Fund stock. Prospera Financial Services Inc raised its position in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 117.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,258 shares of the company’s stock after buying an additional 16,369 shares during the quarter. Prospera Financial Services Inc’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $494,000 at the end of the most recent quarter.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

Shares of NYSE:RMI traded down $0.03 on Friday, reaching $14.86. 58,373 shares of the company’s stock were exchanged, compared to its average volume of 19,550. RiverNorth Opportunistic Municipal Income Fund has a twelve month low of $14.79 and a twelve month high of $16.74. The company has a fifty day moving average of $15.79 and a 200-day moving average of $15.96.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.0965 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date is Friday, December 13th.

RiverNorth Opportunistic Municipal Income Fund Company Profile

The RiverNorth Opportunistic Municipal Income Fund, Inc (the “Fund”) seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.