RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Short Interest Down 28.9% in December

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 96,667 shares, a decrease of 28.9% from the December 15th total of 136,018 shares. Based on an average daily trading volume, of 78,625 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 78,625 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group bought a new stake in RiverNorth Opportunities Fund during the second quarter worth approximately $40,000. CIBC Bancorp USA Inc. purchased a new position in shares of RiverNorth Opportunities Fund in the 3rd quarter worth approximately $136,000. Tactive Advisors LLC bought a new position in shares of RiverNorth Opportunities Fund during the 4th quarter valued at approximately $140,000. NewEdge Advisors LLC increased its position in shares of RiverNorth Opportunities Fund by 5.9% during the 3rd quarter. NewEdge Advisors LLC now owns 19,700 shares of the company’s stock valued at $236,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in RiverNorth Opportunities Fund during the 2nd quarter valued at $265,000.

RiverNorth Opportunities Fund Trading Up 0.0%

RiverNorth Opportunities Fund stock traded up $0.01 during midday trading on Friday, hitting $11.91. The stock had a trading volume of 163,155 shares, compared to its average volume of 110,178. The firm’s fifty day moving average is $11.69 and its two-hundred day moving average is $11.96. RiverNorth Opportunities Fund has a 52-week low of $10.11 and a 52-week high of $12.56.

RiverNorth Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.1306 per share. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%.

RiverNorth Opportunities Fund Company Profile

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.