Short Interest in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Increases By 3,850.0%

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

Institutional Investors Weigh In On RiverNorth Opportunistic Municipal Income Fund

Several large investors have recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC bought a new stake in shares of RiverNorth Opportunistic Municipal Income Fund during the fourth quarter valued at about $161,000. Prospera Financial Services Inc grew its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 117.9% in the 3rd quarter. Prospera Financial Services Inc now owns 30,258 shares of the company’s stock worth $494,000 after acquiring an additional 16,369 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in RiverNorth Opportunistic Municipal Income Fund by 223.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 37,625 shares of the company’s stock worth $614,000 after buying an additional 26,010 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its position in shares of RiverNorth Opportunistic Municipal Income Fund by 1.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 483,316 shares of the company’s stock valued at $7,279,000 after acquiring an additional 8,865 shares in the last quarter.

RiverNorth Opportunistic Municipal Income Fund Stock Up 0.0 %

Shares of RiverNorth Opportunistic Municipal Income Fund stock opened at $15.49 on Wednesday. The company has a fifty day moving average price of $15.50 and a 200 day moving average price of $15.86. RiverNorth Opportunistic Municipal Income Fund has a twelve month low of $14.79 and a twelve month high of $16.74.

RiverNorth Opportunistic Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0945 per share. This represents a $1.13 annualized dividend and a dividend yield of 7.32%. 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.