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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 7,900 shares, an increase of 3,850.0% from the December 15th total of 200 shares. Based on an average daily volume of 30,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of RiverNorth Opportunistic Municipal Income Fund

A hedge fund recently raised its stake in RiverNorth Opportunistic Municipal Income Fund stock. Prospera Financial Services Inc boosted its stake in shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) by 117.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,258 shares of the company’s stock after purchasing an additional 16,369 shares during the period. Prospera Financial Services Inc’s holdings in RiverNorth Opportunistic Municipal Income Fund were worth $494,000 at the end of the most recent reporting period.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

Shares of RiverNorth Opportunistic Municipal Income Fund stock traded up $0.03 during midday trading on Tuesday, hitting $15.26. The company had a trading volume of 17,392 shares, compared to its average volume of 21,156. RiverNorth Opportunistic Municipal Income Fund has a 52-week low of $14.79 and a 52-week high of $16.74. The company has a 50 day moving average of $15.59 and a 200 day moving average of $15.90.

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 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date of this dividend is Friday, March 14th.

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.