Short Interest in RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Expands By 197.2%

Posted by Stanley Muller on Aug 29th, 2026

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 44,376 shares, an increase of 197.2% from the July 30th total of 14,931 shares. Based on an average daily volume of 18,634 shares, the days-to-cover ratio is presently 2.4 days.

RiverNorth Opportunistic Municipal Income Fund Price Performance

Shares of RiverNorth Opportunistic Municipal Income Fund stock remained flat at $15.13 on Friday. The stock had a trading volume of 6,777 shares, compared to its average volume of 22,732. RiverNorth Opportunistic Municipal Income Fund has a one year low of $13.81 and a one year high of $16.36. The firm’s 50 day moving average is $15.48 and its 200-day moving average is $15.39.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were issued a $0.0889 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend was Wednesday, July 15th.

Hedge Funds Weigh In On RiverNorth Opportunistic Municipal Income Fund

A number of institutional investors have recently bought and sold shares of the business. Gateway Wealth Partners LLC increased its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 152.4% during the first quarter. Gateway Wealth Partners LLC now owns 106,236 shares of the company’s stock worth $1,600,000 after purchasing an additional 64,151 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 252.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 72,050 shares of the company’s stock valued at $1,031,000 after buying an additional 51,625 shares during the period. Osaic Holdings Inc. grew its position in RiverNorth Opportunistic Municipal Income Fund by 20.5% during the fourth quarter. Osaic Holdings Inc. now owns 34,764 shares of the company’s stock worth $497,000 after buying an additional 5,917 shares in the last quarter. Royal Bank of Canada grew its position in RiverNorth Opportunistic Municipal Income Fund by 1.2% during the fourth quarter. Royal Bank of Canada now owns 96,874 shares of the company’s stock worth $1,386,000 after buying an additional 1,141 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in RiverNorth Opportunistic Municipal Income Fund during the 4th quarter worth $161,000.

About RiverNorth Opportunistic Municipal Income Fund

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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.

RMI employs an opportunistic, value-oriented investment process, focusing on both traditional investment-grade bonds and specialized niches within the municipal market.