RiverNorth Opportunities Fund, Inc. (RIV) To Go Ex-Dividend on September 15th

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.1306 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date is Tuesday, September 15th.

RiverNorth Opportunities Fund Stock Performance

Shares of RiverNorth Opportunities Fund stock opened at $11.71 on Friday. The business has a 50-day moving average of $11.59 and a two-hundred day moving average of $11.66. RiverNorth Opportunities Fund has a 1 year low of $10.93 and a 1 year high of $12.56.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of RiverNorth Opportunities Fund by 25.2% in the first quarter. Royal Bank of Canada now owns 199,111 shares of the company’s stock valued at $2,348,000 after buying an additional 40,031 shares during the period. Raymond James Financial Inc. raised its holdings in shares of RiverNorth Opportunities Fund by 1.7% during the second quarter. Raymond James Financial Inc. now owns 63,215 shares of the company’s stock worth $775,000 after acquiring an additional 1,047 shares during the period. Bank of America Corp DE raised its holdings in shares of RiverNorth Opportunities Fund by 89.7% during the second quarter. Bank of America Corp DE now owns 47,442 shares of the company’s stock worth $582,000 after acquiring an additional 22,431 shares during the period. Nomura Holdings Inc. bought a new stake in RiverNorth Opportunities Fund in the 3rd quarter valued at $1,200,000. Finally, Quarry LP acquired a new position in RiverNorth Opportunities Fund in the 3rd quarter worth $936,000.

About RiverNorth Opportunities Fund

RiverNorth Opportunities Fund (NYSE:RIV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. Listed on the New York Stock Exchange, the fund employs an unconstrained, actively managed approach to investing across a broad array of convertible and derivative securities.

The fund’s primary investments include convertible bonds, convertible preferred stocks, synthetic convertible instruments (such as caps, floors and spreads), and related derivative instruments.