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 drop in short interest in the month of December. As of December 15th, there was short interest totalling 200 shares, a drop 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 currently 0.0 days.

RiverNorth Opportunistic Municipal Income Fund Trading Down 0.2 %

Shares of RiverNorth Opportunistic Municipal Income Fund stock traded down $0.03 during trading hours on Friday, reaching $14.86. 58,373 shares of the company’s stock were exchanged, compared to its average volume of 19,550. The company has a 50 day moving average of $15.79 and a two-hundred day moving average of $15.96. RiverNorth Opportunistic Municipal Income Fund has a fifty-two week low of $14.79 and a fifty-two week high of $16.74.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.0965 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.16 annualized dividend and a dividend yield of 7.79%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in RiverNorth Opportunistic Municipal Income Fund stock. Wolverine Asset Management LLC acquired a new position in shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,615 shares of the company’s stock, valued at approximately $185,000.

About RiverNorth Opportunistic Municipal Income Fund

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.