RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) Trading Up 0% – Here’s Why

04 Feb 2026, 00:32 by Scott Moore · The Cerbat Gem

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report)’s stock price rose 0% during mid-day trading on Tuesday . The stock traded as high as $15.11 and last traded at $14.9850. Approximately 37,009 shares traded hands during mid-day trading, an increase of 67% from the average daily volume of 22,114 shares. The stock had previously closed at $14.98.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

The company has a 50 day moving average price of $14.56 and a 200 day moving average price of $14.40.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.0889 per share. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Monday, March 16th.

Insider Activity at RiverNorth Opportunistic Municipal Income Fund

In related news, insider Financial Holdings Rivernorth acquired 7,045 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of $14.50 per share, for a total transaction of $102,152.50. Following the completion of the acquisition, the insider directly owned 63,255 shares in the company, valued at approximately $917,197.50. This trade represents a 12.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 42,949 shares of company stock valued at $623,538 in the last 90 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Concurrent Investment Advisors LLC boosted its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 12.5% during the second quarter. Concurrent Investment Advisors LLC now owns 26,595 shares of the company’s stock worth $379,000 after acquiring an additional 2,950 shares during the period. Bank of America Corp DE boosted its stake in RiverNorth Opportunistic Municipal Income Fund by 176.7% in the 3rd quarter. Bank of America Corp DE now owns 45,533 shares of the company’s stock valued at $666,000 after purchasing an additional 29,076 shares during the period. UBS Group AG increased its position in RiverNorth Opportunistic Municipal Income Fund by 2.8% during the 3rd quarter. UBS Group AG now owns 161,653 shares of the company’s stock worth $2,363,000 after buying an additional 4,472 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of RiverNorth Opportunistic Municipal Income Fund during the third quarter worth $494,000. Finally, Arlington Capital Management Inc. boosted its position in shares of RiverNorth Opportunistic Municipal Income Fund by 6.6% in the fourth quarter. Arlington Capital Management Inc. now owns 18,442 shares of the company’s stock valued at $264,000 after acquiring an additional 1,141 shares during the period.

RiverNorth Opportunistic Municipal Income Fund Company Profile

(Get Free Report)

RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) is a closed-end management investment company that seeks to deliver tax-exempt income through diversified exposure to U.S. municipal securities. The fund is structured as a non-diversified, interval fund and primarily caters to investors pursuing high-quality, tax-advantaged income from state and local government obligations.