RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) Trading Down 1.4% – Should You Sell?

Posted by on May 5th, 2026

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report)’s share price was down 1.4% during mid-day trading on Monday . The stock traded as low as $14.91 and last traded at $14.9510. Approximately 17,696 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 28,719 shares. The stock had previously closed at $15.17.

RiverNorth Opportunistic Municipal Income Fund Trading Down 1.4%

The business’s 50-day simple moving average is $15.40 and its two-hundred day simple moving average is $14.90.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.0889 per share. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of RiverNorth Opportunistic Municipal Income Fund

Several large investors have recently modified their holdings of RMI. Bank of America Corp DE grew its position in shares of RiverNorth Opportunistic Municipal Income Fund by 35.6% during the 4th quarter. Bank of America Corp DE now owns 2,440 shares of the company’s stock worth $37,000 after buying an additional 640 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of RiverNorth Opportunistic Municipal Income Fund in the 4th quarter worth $161,000. Noble Wealth Management PBC lifted its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 6.8% in the 4th quarter. Noble Wealth Management PBC now owns 15,492 shares of the company’s stock worth $222,000 after purchasing an additional 992 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of RiverNorth Opportunistic Municipal Income Fund by 17.0% in the 2nd quarter. Osaic Holdings Inc. now owns 15,909 shares of the company’s stock worth $227,000 after purchasing an additional 2,315 shares in the last quarter. Finally, Arlington Capital Management Inc. bought a new position in shares of RiverNorth Opportunistic Municipal Income Fund in the 3rd quarter worth $253,000.

About RiverNorth Opportunistic Municipal Income Fund

(Get Free Report)

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.

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