RiverNorth Flexible Municipal Income Fund (NYSEARCA:RFM) Trading Down 1.1% – Here’s What Happened

Posted by Logan Wallace on Aug 21st, 2026

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM – Get Free Report)’s share price fell 1.1% during mid-day trading on Thursday . The stock traded as low as $14.46 and last traded at $14.49. 13,249 shares traded hands during trading, a decline of 21% from the average daily volume of 16,858 shares. The stock had previously closed at $14.65.

RiverNorth Flexible Municipal Income Fund Trading Down 1.1%

The stock’s 50-day simple moving average is $14.74 and its 200 day simple moving average is $14.52.

RiverNorth Flexible Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a dividend of $0.0881 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 7.3%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its holdings in RiverNorth Flexible Municipal Income Fund by 322.8% in the 2nd quarter. NewEdge Advisors LLC now owns 23,005 shares of the company’s stock valued at $321,000 after acquiring an additional 17,564 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of RiverNorth Flexible Municipal Income Fund by 14.7% during the second quarter. Raymond James Financial Inc. now owns 16,915 shares of the company’s stock worth $236,000 after acquiring an additional 2,165 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of RiverNorth Flexible Municipal Income Fund during the fourth quarter worth approximately $72,000. Closed End Fund Advisors Inc. bought a new stake in shares of RiverNorth Flexible Municipal Income Fund during the fourth quarter worth approximately $219,000. Finally, LPL Financial LLC acquired a new position in shares of RiverNorth Flexible Municipal Income Fund in the fourth quarter valued at approximately $162,000.

About RiverNorth Flexible Municipal Income Fund

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The RiverNorth Flexible Municipal Income Fund, Inc seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.