RiverNorth Flexible Municipal Income Fund (NYSEARCA:RFM) Trading Down 1.2% – Time to Sell?

Posted by on May 5th, 2026

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM – Get Free Report) shares dropped 1.2% during mid-day trading on Monday . The company traded as low as $14.19 and last traded at $14.22. Approximately 9,227 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 22,430 shares. The stock had previously closed at $14.39.

RiverNorth Flexible Municipal Income Fund Price Performance

The stock has a 50-day simple moving average of $14.28 and a 200-day simple moving average of $14.28.

RiverNorth Flexible Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.0881 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 7.4%.

Hedge Funds Weigh In On RiverNorth Flexible Municipal Income Fund

Large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in RiverNorth Flexible Municipal Income Fund by 52.7% during the third quarter. NewEdge Advisors LLC now owns 35,118 shares of the company’s stock worth $508,000 after purchasing an additional 12,113 shares during the last quarter. Raymond James Financial Inc. lifted its stake in RiverNorth Flexible Municipal Income Fund by 30.7% during the third quarter. Raymond James Financial Inc. now owns 22,112 shares of the company’s stock worth $320,000 after purchasing an additional 5,197 shares during the last quarter. Osaic Holdings Inc. lifted its stake in RiverNorth Flexible Municipal Income Fund by 17.9% during the fourth quarter. Osaic Holdings Inc. now owns 15,993 shares of the company’s stock worth $223,000 after purchasing an additional 2,430 shares during the last quarter. &PARTNERS bought a new position in RiverNorth Flexible Municipal Income Fund during the fourth quarter worth $214,000. Finally, LPL Financial LLC bought a new position in RiverNorth Flexible Municipal Income Fund during the fourth quarter worth $162,000.

About RiverNorth Flexible Municipal Income Fund

(Get Free Report)

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.

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