RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Short Interest Update

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 77,000 shares, a growth of 75.0% from the March 31st total of 44,000 shares. Based on an average daily volume of 82,500 shares, the short-interest ratio is presently 0.9 days.

RiverNorth Opportunities Fund Price Performance

Shares of NYSE:RIV opened at $11.66 on Monday. RiverNorth Opportunities Fund has a 52-week low of $9.63 and a 52-week high of $12.43. The stock has a 50 day moving average price of $11.77 and a 200-day moving average price of $11.18.

RiverNorth Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.1289 dividend. This represents a $1.55 annualized dividend and a dividend yield of 13.27%. The ex-dividend date of this dividend is Friday, June 14th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. National Bank of Canada FI bought a new position in shares of RiverNorth Opportunities Fund in the 4th quarter worth approximately $29,000. Blue Bell Private Wealth Management LLC bought a new position in shares of RiverNorth Opportunities Fund in the 4th quarter worth approximately $49,000. Transcend Capital Advisors LLC bought a new position in RiverNorth Opportunities Fund during the 4th quarter valued at approximately $132,000. Atria Wealth Solutions Inc. bought a new position in RiverNorth Opportunities Fund during the 4th quarter valued at approximately $134,000. Finally, CoreCap Advisors LLC increased its position in RiverNorth Opportunities Fund by 14.8% during the 4th quarter. CoreCap Advisors LLC now owns 12,425 shares of the company’s stock valued at $137,000 after buying an additional 1,600 shares in the last quarter.

About RiverNorth Opportunities Fund

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.