RiverNorth Flexible Municipal Income Fund, Inc. (NYSE:RFM) Short Interest Down 62.8% in August

RiverNorth Flexible Municipal Income Fund, Inc. (NYSE:RFM – Get Free Report) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 5,706 shares, a decline of 62.8% from the August 15th total of 15,339 shares. Based on an average daily volume of 12,218 shares, the short-interest ratio is presently 0.5 days.

RiverNorth Flexible Municipal Income Fund Stock Down 2.0%

Shares of NYSE RFM traded down $0.28 during midday trading on Tuesday, reaching $13.48. The company’s stock had a trading volume of 22,501 shares, compared to its average volume of 16,670. RiverNorth Flexible Municipal Income Fund has a one year low of $13.48 and a one year high of $15.03. The company has a 50 day moving average price of $14.55 and a 200 day moving average price of $14.47.

Get RiverNorth Flexible Municipal Income Fund alerts:

RiverNorth Flexible Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were given a $0.0881 dividend. The ex-dividend date was Wednesday, July 15th. This represents a c) annualized dividend and a yield of 7.8%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RFM. Compass Financial Management LLC bought a new stake in shares of RiverNorth Flexible Municipal Income Fund during the 2nd quarter worth $82,000. Concurrent Investment Advisors LLC raised its position in shares of RiverNorth Flexible Municipal Income Fund by 44.5% during the second quarter. Concurrent Investment Advisors LLC now owns 64,275 shares of the company’s stock worth $876,000 after purchasing an additional 19,800 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of RiverNorth Flexible Municipal Income Fund during the second quarter valued at $197,000. Rivernorth Capital Management LLC lifted its holdings in shares of RiverNorth Flexible Municipal Income Fund by 34.3% during the second quarter. Rivernorth Capital Management LLC now owns 63,987 shares of the company’s stock valued at $946,000 after purchasing an additional 16,333 shares during the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of RiverNorth Flexible Municipal Income Fund in the 2nd quarter valued at $235,000.

RiverNorth Flexible Municipal Income Fund Company Profile

(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.

Further Reading

• Five stocks we like better than RiverNorth Flexible Municipal Income Fund
• Running on Empty: 3 Energy Plays for Europe’s Deep Freeze
• 3 Healthcare Stocks for 3 Stages of Life
• Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid
• MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky

Receive News & Ratings for RiverNorth Flexible Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RiverNorth Flexible Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.