RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Rating) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,100 shares, an increase of 162.5% from the March 15th total of 800 shares. Based on an average daily volume of 20,300 shares, the days-to-cover ratio is presently 0.1 days.
Shares of NYSE RMI opened at $18.36 on Thursday. The stock has a fifty day moving average of $19.32. RiverNorth Opportunistic Municipal Income Fund has a 12 month low of $18.16 and a 12 month high of $24.24.
The business also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, June 16th will be given a dividend of $0.104 per share. This represents a $1.25 annualized dividend and a dividend yield of 6.80%. The ex-dividend date is Wednesday, June 15th.
About RiverNorth Opportunistic Municipal Income Fund (Get Rating)
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.
- Get a free copy of the StockNews.com research report on RiverNorth Opportunistic Municipal Income Fund (RMI)
- OrganiGram’s Turnaround Begins To Blossom
- Three Dividend Stocks With Growth Potential
- Exelon Stock Still Has Extraordinary Upside
- Ross Stores On The Verge Of Major Rally
- Insiders Are Selling Palo Alto Networks
Receive News & Ratings for RiverNorth Opportunistic Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RiverNorth Opportunistic Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.