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

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 54,819 shares, a decrease of 67.8% from the February 12th total of 170,120 shares. Based on an average daily volume of 72,284 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 72,284 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On RiverNorth Opportunities Fund

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of RiverNorth Opportunities Fund by 25.2% during the first quarter. Royal Bank of Canada now owns 199,111 shares of the company’s stock worth $2,348,000 after purchasing an additional 40,031 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of RiverNorth Opportunities Fund during the second quarter worth about $577,000. Everstar Asset Management LLC lifted its holdings in shares of RiverNorth Opportunities Fund by 11.4% in the 2nd quarter. Everstar Asset Management LLC now owns 103,746 shares of the company’s stock valued at $1,272,000 after purchasing an additional 10,592 shares during the last quarter. Tennessee Valley Asset Management Partners boosted its position in shares of RiverNorth Opportunities Fund by 21.6% in the 2nd quarter. Tennessee Valley Asset Management Partners now owns 137,601 shares of the company’s stock valued at $1,687,000 after purchasing an additional 24,396 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of RiverNorth Opportunities Fund by 1.7% in the 2nd quarter. Raymond James Financial Inc. now owns 63,215 shares of the company’s stock valued at $775,000 after purchasing an additional 1,047 shares during the period.

RiverNorth Opportunities Fund Price Performance

RIV stock opened at $11.48 on Wednesday. RiverNorth Opportunities Fund has a twelve month low of $10.11 and a twelve month high of $12.56. The company’s 50 day moving average is $11.92 and its two-hundred day moving average is $11.87.

RiverNorth Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a dividend of $0.1306 per share. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date is Monday, March 16th.

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.