Rivernorth Opportunities Fund (NYSE:RIV) Trading 7.8% Higher

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Rivernorth Opportunities Fund Inc (NYSE:RIV)’s share price traded up 7.8% on Wednesday . The company traded as high as $10.55 and last traded at $11.29, 5,889 shares changed hands during trading. A decline of 94% from the average session volume of 97,413 shares. The stock had previously closed at $10.47.

The stock has a fifty day simple moving average of $14.98 and a two-hundred day simple moving average of $16.20.

The firm also recently declared a — dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a yield of 15.3%.

In other news, insider Brian H. Schmucker sold 29,050 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $11.17, for a total value of $324,488.50. Following the completion of the sale, the insider now directly owns 26,616 shares in the company, valued at approximately $297,300.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Patrick W. Galley bought 2,876 shares of Rivernorth Opportunities Fund stock in a transaction dated Thursday, March 12th. The stock was purchased at an average price of $12.46 per share, with a total value of $35,834.96. Following the completion of the purchase, the director now owns 139,571 shares in the company, valued at $1,739,054.66. The disclosure for this purchase can be found here.

Several institutional investors and hedge funds have recently modified their holdings of the company. CSS LLC IL grew its stake in shares of Rivernorth Opportunities Fund by 296.9% in the 4th quarter. CSS LLC IL now owns 438,965 shares of the company’s stock valued at $7,164,000 after buying an additional 328,359 shares during the period. Transcend Wealth Collective LLC bought a new position in Rivernorth Opportunities Fund in the 4th quarter valued at about $2,199,000. Raymond James & Associates lifted its position in Rivernorth Opportunities Fund by 25.2% in the 4th quarter. Raymond James & Associates now owns 101,928 shares of the company’s stock valued at $1,663,000 after acquiring an additional 20,538 shares in the last quarter. Mariner Investment Group LLC bought a new position in Rivernorth Opportunities Fund in the 4th quarter valued at about $824,000. Finally, Baird Financial Group Inc. lifted its position in Rivernorth Opportunities Fund by 20.5% in the 4th quarter. Baird Financial Group Inc. now owns 48,999 shares of the company’s stock valued at $800,000 after acquiring an additional 8,345 shares in the last quarter.

Rivernorth Opportunities Fund Company Profile (NYSE:RIV)

There is no company description available for RiverNorth Opportunities.

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