RiverNorth Opportunities Fund, Inc. (NYSE:RIV – Get Free Report) declared a monthly dividend on Wednesday, April 1st. Shareholders of record on Friday, May 15th will be paid a dividend of 0.1306 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend is Friday, May 15th.
RiverNorth Opportunities Fund Stock Up 0.0%
Shares of RIV stock traded up $0.00 during trading hours on Wednesday, reaching $11.70. 9,964 shares of the company’s stock were exchanged, compared to its average volume of 87,299. RiverNorth Opportunities Fund has a fifty-two week low of $10.93 and a fifty-two week high of $12.56. The business has a fifty day moving average price of $11.49 and a 200-day moving average price of $11.68.
Hedge Funds Weigh In On RiverNorth Opportunities Fund
Several large investors have recently bought and sold shares of the stock. Sit Investment Associates Inc. grew its position in RiverNorth Opportunities Fund by 1,374.7% in the 4th quarter. Sit Investment Associates Inc. now owns 2,771,040 shares of the company’s stock worth $32,532,000 after purchasing an additional 2,583,139 shares during the last quarter. Yakira Capital Management Inc. acquired a new position in shares of RiverNorth Opportunities Fund during the fourth quarter valued at about $5,244,000. Absolute Investment Advisers LLC acquired a new position in shares of RiverNorth Opportunities Fund during the fourth quarter valued at about $4,559,000. Arete Wealth Advisors LLC bought a new stake in shares of RiverNorth Opportunities Fund in the fourth quarter valued at about $4,428,000. Finally, Readystate Asset Management LP acquired a new stake in RiverNorth Opportunities Fund during the fourth quarter worth about $2,285,000.
About RiverNorth Opportunities Fund
RiverNorth Opportunities Fund (NYSE:RIV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. Listed on the New York Stock Exchange, the fund employs an unconstrained, actively managed approach to investing across a broad array of convertible and derivative securities.
The fund’s primary investments include convertible bonds, convertible preferred stocks, synthetic convertible instruments (such as caps, floors and spreads), and related derivative instruments.
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