RiverNorth Flexible Municipal Income Fund (NYSEARCA:RFM) Stock Price Down 1.1% – Here’s What Happened

Posted by James Quigley on Aug 22nd, 2026

Shares of RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM – Get Free Report) fell 1.1% during trading on Thursday . The company traded as low as $14.46 and last traded at $14.49. Approximately 13,249 shares traded hands during trading, a decline of 21% from the average session volume of 16,858 shares. The stock had previously closed at $14.65.

RiverNorth Flexible Municipal Income Fund Stock Performance

The firm’s 50-day moving average is $14.73 and its two-hundred day moving average is $14.52.

RiverNorth Flexible Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.0881 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

Hedge Funds Weigh In On RiverNorth Flexible Municipal Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in shares of RiverNorth Flexible Municipal Income Fund during the second quarter worth approximately $31,000. Wolverine Asset Management LLC acquired a new position in RiverNorth Flexible Municipal Income Fund in the 4th quarter valued at $72,000. Compass Financial Management LLC purchased a new position in RiverNorth Flexible Municipal Income Fund in the 2nd quarter valued at $82,000. Rivernorth Capital Management LLC purchased a new position in RiverNorth Flexible Municipal Income Fund in the 4th quarter valued at $159,000. Finally, LPL Financial LLC acquired a new stake in RiverNorth Flexible Municipal Income Fund during the 4th quarter worth $162,000.

About RiverNorth Flexible Municipal Income Fund

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The RiverNorth Flexible Municipal Income Fund, Inc seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.