RiverNorth Opportunities Fund, Inc. (NYSE:RIV – Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 35,700 shares, a drop of 46.1% from the February 13th total of 66,200 shares. Based on an average trading volume of 87,000 shares, the days-to-cover ratio is presently 0.4 days.
RiverNorth Opportunities Fund Stock Down 0.6 %
RIV stock traded down $0.07 during midday trading on Friday, hitting $11.73. The stock had a trading volume of 95,921 shares, compared to its average volume of 81,414. The company’s 50-day moving average price is $12.12 and its 200 day moving average price is $12.33. RiverNorth Opportunities Fund has a 12-month low of $11.20 and a 12-month high of $12.96.
RiverNorth Opportunities Fund Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a $0.1277 dividend. This represents a dividend yield of 12.64%. The ex-dividend date was Wednesday, January 15th.
Hedge Funds Weigh In On RiverNorth Opportunities Fund
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.
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