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

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 66,200 shares, a growth of 153.6% from the January 31st total of 26,100 shares. Based on an average trading volume of 85,100 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On RiverNorth Opportunities Fund

Institutional investors have recently bought and sold shares of the stock. Elequin Capital LP purchased a new stake in RiverNorth Opportunities Fund during the 4th quarter valued at about $74,000. Independent Advisor Alliance purchased a new stake in RiverNorth Opportunities Fund during the 4th quarter valued at about $115,000. Cary Street Partners Financial LLC purchased a new stake in RiverNorth Opportunities Fund during the 4th quarter valued at about $121,000. Strategic Financial Concepts LLC boosted its holdings in RiverNorth Opportunities Fund by 10.7% during the 4th quarter. Strategic Financial Concepts LLC now owns 16,600 shares of the company’s stock valued at $191,000 after acquiring an additional 1,600 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in RiverNorth Opportunities Fund by 54.2% during the 4th quarter. HighTower Advisors LLC now owns 19,280 shares of the company’s stock valued at $222,000 after acquiring an additional 6,780 shares during the period.

RiverNorth Opportunities Fund Price Performance

Shares of RiverNorth Opportunities Fund stock traded up $0.02 during trading on Friday, hitting $12.27. 121,206 shares of the stock traded hands, compared to its average volume of 83,087. The firm’s fifty day moving average is $12.06 and its 200-day moving average is $12.35. RiverNorth Opportunities Fund has a 52 week low of $11.20 and a 52 week high of $12.96.

RiverNorth Opportunities Fund Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a dividend of $0.1277 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a dividend yield of 12.64%.

RiverNorth Opportunities Fund Company Profile

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.