RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Short Interest Down 95.3% in December

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) was the recipient of a large drop in short interest during 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 daily volume of 25,500 shares, the days-to-cover ratio is currently 0.0 days.

RiverNorth Opportunistic Municipal Income Fund Price Performance

Shares of NYSE:RMI remained flat at $14.89 during trading on Thursday. The stock had a trading volume of 52,141 shares, compared to its average volume of 19,395. RiverNorth Opportunistic Municipal Income Fund has a 1 year low of $14.80 and a 1 year high of $16.74. The business’s 50-day moving average price is $15.82 and its 200-day moving average price is $15.97.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.0965 dividend. This represents a $1.16 annualized dividend and a yield of 7.78%. The ex-dividend date is Friday, December 13th.

Hedge Funds Weigh In On RiverNorth Opportunistic Municipal Income Fund

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 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,615 shares of the company’s stock, valued at approximately $185,000.

RiverNorth Opportunistic Municipal Income Fund Company Profile

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.