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

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

RiverNorth Opportunities Fund Price Performance

Shares of RIV opened at $11.66 on Friday. The firm has a 50-day moving average of $11.77 and a 200-day moving average of $11.17. RiverNorth Opportunities Fund has a one year low of $9.63 and a one year high of $12.43.

RiverNorth Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.1289 per share. 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 Trading of RiverNorth Opportunities Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Securities Inc. bought a new stake in RiverNorth Opportunities Fund in the 4th quarter valued at about $1,264,000. Quarry LP bought a new stake in RiverNorth Opportunities Fund during the 4th quarter worth approximately $645,000. BlackDiamond Wealth Management LLC bought a new stake in RiverNorth Opportunities Fund during the 4th quarter worth approximately $337,000. Tennessee Valley Asset Management Partners boosted its stake in shares of RiverNorth Opportunities Fund by 37.4% in the 4th quarter. Tennessee Valley Asset Management Partners now owns 95,497 shares of the company’s stock valued at $1,050,000 after purchasing an additional 25,996 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of RiverNorth Opportunities Fund in the 4th quarter valued at $272,000.

RiverNorth Opportunities Fund Company Profile

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.