RiverNorth Opportunistic Municipal Income Fund (RMI) Stock Price, News & Analysis

RiverNorth Opportunistic Municipal Income Fund's stock was trading at $15.23 at the start of the year. Since then, RMI stock has increased by 1.2% and is now trading at $15.42.
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RiverNorth Opportunistic Municipal Income Fund saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,300 shares, an increase of 230.0% from the March 15th total of 1,000 shares. Based on an average trading volume of 14,200 shares, the short-interest ratio is currently 0.2 days.
View RiverNorth Opportunistic Municipal Income Fund's Short Interest.

RiverNorth Opportunistic Municipal Income Fund announced a monthly dividend on Thursday, April 4th. Investors of record on Friday, June 14th will be paid a dividend of $0.0965 per share on Friday, June 28th. This represents a $1.16 annualized dividend and a dividend yield of 7.51%. The ex-dividend date of this dividend is Friday, June 14th.
Read our dividend analysis for RMI.

RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) pays an annual dividend of $1.16 per share and currently has a dividend yield of 0.05%.
Read our dividend analysis for RMI.

RiverNorth Opportunistic Municipal Income Fund (RMI) raised $74 million in an IPO on Wednesday, August 5th 2015. The company issued 3,800,000 shares at $19.00-$20.00 per share. Baird, Keefe, Bruyette & Woods (A Stifel Company) and SunTrust Robinson Humphrey served as the underwriters for the IPO and Nomura, Oppenheimer and J.J.B. Hilliard, W.L. Lyons were co-managers.

Shares of RMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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