RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSE:RMMZ) Stock Short Interest Report for September

RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSE:RMMZ) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 20,243 shares, a growth of 71.9% from the September 15th total of 11,776 shares. Based on an average daily volume of 32,306 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Noble Wealth Management PBC increased its position in shares of RiverNorth Managed Duration Municipal Income Fund II by 416.7% during the second quarter. Noble Wealth Management PBC now owns 6,200 shares of the company’s stock worth $93,000 after acquiring an additional 5,000 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II during the second quarter worth $98,000. Rivernorth Capital Management LLC acquired a new stake in shares of RiverNorth Managed Duration Municipal Income Fund II during the first quarter worth $364,000. Wedbush Securities Inc. raised its holdings in shares of RiverNorth Managed Duration Municipal Income Fund II by 397.2% during the second quarter. Wedbush Securities Inc. now owns 73,819 shares of the company’s stock worth $1,095,000 after acquiring an additional 58,972 shares during the period. Finally, Royal Bank of Canada lifted its position in RiverNorth Managed Duration Municipal Income Fund II by 3.9% in the 1st quarter. Royal Bank of Canada now owns 200,131 shares of the company’s stock valued at $2,940,000 after acquiring an additional 7,598 shares in the last quarter.

RiverNorth Managed Duration Municipal Income Fund II Price Performance

NYSE RMMZ traded up $0.07 during trading hours on Thursday, reaching $13.37. 18,282 shares of the company’s stock were exchanged, compared to its average volume of 19,506. The company’s 50-day moving average is $14.10 and its two-hundred day moving average is $14.57. RiverNorth Managed Duration Municipal Income Fund II has a one year low of $12.77 and a one year high of $15.29.

RiverNorth Managed Duration Municipal Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a $0.0891 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.07 dividend on an annualized basis and a yield of 8.0%.