RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Stock Short Interest Report for September

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 62,849 shares, a decrease of 93.8% from the September 15th total of 1,011,647 shares. Based on an average daily trading volume, of 95,851 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On RiverNorth Opportunities Fund

A number of hedge funds have recently made changes to their positions in the business. Alterna Wealth Management Inc. acquired a new position in RiverNorth Opportunities Fund during the 2nd quarter worth $128,000. WealthTrust Asset Management LLC increased its holdings in shares of RiverNorth Opportunities Fund by 13.7% during the first quarter. WealthTrust Asset Management LLC now owns 15,123 shares of the company’s stock valued at $168,000 after purchasing an additional 1,821 shares during the period. BlackRock Inc. acquired a new position in shares of RiverNorth Opportunities Fund during the second quarter valued at $179,000. Gateway Wealth Partners LLC raised its stake in shares of RiverNorth Opportunities Fund by 158.5% during the first quarter. Gateway Wealth Partners LLC now owns 26,166 shares of the company’s stock valued at $290,000 after purchasing an additional 16,043 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in shares of RiverNorth Opportunities Fund by 76.0% during the second quarter. CoreCap Advisors LLC now owns 35,436 shares of the company’s stock valued at $413,000 after purchasing an additional 15,303 shares in the last quarter.

RiverNorth Opportunities Fund Price Performance

NYSE RIV traded down $0.01 during trading hours on Friday, hitting $10.24. The company had a trading volume of 110,444 shares, compared to its average volume of 96,974. RiverNorth Opportunities Fund has a fifty-two week low of $10.20 and a fifty-two week high of $12.15. The business has a fifty day simple moving average of $10.85 and a 200-day simple moving average of $11.28.

RiverNorth Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a $0.1306 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.57 annualized dividend and a yield of 15.3%.

About RiverNorth Opportunities Fund

RiverNorth Opportunities Fund (NYSE: RIV) is a diversified closed-end management investment company. The fund seeks to provide investors with total return through a combination of current income and capital appreciation.

RIV primarily invests in other closed-end funds, exchange-traded funds, business development companies and other income-oriented securities. Its investment approach is designed to identify opportunities where market prices may differ from the underlying value of the assets, while also emphasizing income-producing investments.

The fund is advised by RiverNorth Capital Management, an investment manager specializing in tactical and opportunistic strategies involving closed-end funds and other asset classes.