RiverNorth Opportunities Fund (NYSE:RIV) Stock Price Down 0.7% – Here’s What Happened

RiverNorth Opportunities Fund, Inc. (NYSE:RIV)’s share price fell 0.7% during trading on Wednesday . The company traded as low as $11.30 and last traded at $11.33. 83,943 shares changed hands during trading, a decline of 1% from the average session volume of 84,746 shares. The stock had previously closed at $11.41.

RiverNorth Opportunities Fund Trading Up 1.8%

The stock has a fifty day moving average of $11.56 and a 200 day moving average of $11.68.

RiverNorth Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.1306 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 13.5%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RIV. Gateway Wealth Partners LLC acquired a new position in RiverNorth Opportunities Fund in the fourth quarter valued at approximately $119,000. CIBC Bancorp USA Inc. acquired a new position in RiverNorth Opportunities Fund in the third quarter valued at approximately $136,000. Tactive Advisors LLC acquired a new position in RiverNorth Opportunities Fund in the fourth quarter valued at approximately $140,000. WealthTrust Asset Management LLC lifted its holdings in RiverNorth Opportunities Fund by 13.7% in the first quarter. WealthTrust Asset Management LLC now owns 15,123 shares of the company’s stock valued at $168,000 after acquiring an additional 1,821 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in RiverNorth Opportunities Fund by 5.9% in the third quarter. NewEdge Advisors LLC now owns 19,700 shares of the company’s stock valued at $236,000 after acquiring an additional 1,100 shares during the period.

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.