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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 14,600 shares, a decline of 34.8% from the January 31st total of 22,400 shares. Based on an average trading volume of 27,500 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On RiverNorth Opportunistic Municipal Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. boosted its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 1.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 483,316 shares of the company’s stock valued at $7,279,000 after acquiring an additional 8,865 shares during the period. Wells Fargo & Company MN lifted its holdings in RiverNorth Opportunistic Municipal Income Fund by 8.1% in the fourth quarter. Wells Fargo & Company MN now owns 138,287 shares of the company’s stock worth $2,083,000 after purchasing an additional 10,381 shares during the period. Logan Stone Capital LLC lifted its holdings in RiverNorth Opportunistic Municipal Income Fund by 187.5% in the fourth quarter. Logan Stone Capital LLC now owns 112,766 shares of the company’s stock worth $1,698,000 after purchasing an additional 73,541 shares during the period. Wolverine Asset Management LLC lifted its holdings in RiverNorth Opportunistic Municipal Income Fund by 133.4% in the fourth quarter. Wolverine Asset Management LLC now owns 87,801 shares of the company’s stock worth $1,322,000 after purchasing an additional 50,176 shares during the period. Finally, Robinson Capital Management LLC lifted its holdings in RiverNorth Opportunistic Municipal Income Fund by 22.3% in the fourth quarter. Robinson Capital Management LLC now owns 46,217 shares of the company’s stock worth $696,000 after purchasing an additional 8,441 shares during the period.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

Shares of RMI traded down $0.05 during midday trading on Monday, hitting $15.73. 29,862 shares of the stock traded hands, compared to its average volume of 14,287. RiverNorth Opportunistic Municipal Income Fund has a 1-year low of $14.79 and a 1-year high of $16.74. The business’s 50 day moving average price is $15.47 and its two-hundred day moving average price is $15.82.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0945 per share. This represents a $1.13 annualized dividend and a dividend yield of 7.21%. The ex-dividend date is Friday, March 14th.

RiverNorth Opportunistic Municipal Income Fund Company Profile

(Get Free Report)

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.

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