Rivernorth Managed Duration Municipal Income Fund Inc. (NYSE:RMM) Stock Short Interest Report for October

Posted by Francis Steltz on Oct 28th, 2026

Rivernorth Managed Duration Municipal Income Fund Inc. (NYSE:RMM – Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 53,256 shares, a growth of 690.7% from the September 30th total of 6,735 shares. Based on an average daily trading volume, of 84,678 shares, the days-to-cover ratio is presently 0.6 days.

Rivernorth Managed Duration Municipal Income Fund Trading Down 1.9%

NYSE RMM traded down $0.25 during trading hours on Wednesday, hitting $13.04. 108,824 shares of the company were exchanged, compared to its average volume of 55,244. Rivernorth Managed Duration Municipal Income Fund has a 52 week low of $12.15 and a 52 week high of $15.00. The stock has a 50-day moving average price of $13.44 and a 200 day moving average price of $14.11.

Rivernorth Managed Duration Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a dividend of $0.0847 per share. This represents a $1.02 annualized dividend and a yield of 7.8%. The ex-dividend date is Tuesday, December 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RMM. Arkadios Wealth Advisors bought a new stake in shares of Rivernorth Managed Duration Municipal Income Fund in the 1st quarter worth about $1,472,000. Gateway Wealth Partners LLC grew its holdings in Rivernorth Managed Duration Municipal Income Fund by 174.5% during the 1st quarter. Gateway Wealth Partners LLC now owns 115,380 shares of the company’s stock valued at $1,573,000 after purchasing an additional 73,345 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in Rivernorth Managed Duration Municipal Income Fund in the 3rd quarter worth about $699,000. Rockefeller Capital Management L.P. raised its position in Rivernorth Managed Duration Municipal Income Fund by 98.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 95,605 shares of the company’s stock worth $1,301,000 after purchasing an additional 47,358 shares during the period. Finally, Rivernorth Capital Management LLC bought a new stake in Rivernorth Managed Duration Municipal Income Fund in the first quarter worth about $182,000.

Rivernorth Managed Duration Municipal Income Fund Company Profile

(Get Free Report)

Rivernorth Managed Duration Municipal Income Fund Inc is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index.