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

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 3,600 shares, a drop of 33.3% from the October 31st total of 5,400 shares. Based on an average daily volume of 18,900 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of 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 stake in shares of RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,615 shares of the company’s stock, valued at approximately $185,000.

RiverNorth Opportunistic Municipal Income Fund Price Performance

Shares of RMI stock traded up $0.08 on Friday, hitting $16.04. The stock had a trading volume of 20,974 shares, compared to its average volume of 17,264. The stock’s 50 day moving average is $16.08 and its 200-day moving average is $16.00. RiverNorth Opportunistic Municipal Income Fund has a 52-week low of $15.09 and a 52-week high of $16.51.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.0965 per share. The ex-dividend date is Friday, December 13th. This represents a $1.16 dividend on an annualized basis and a yield of 7.22%.

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.