RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Short Interest Up 75.0% in April

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 77,000 shares, a growth of 75.0% from the March 31st total of 44,000 shares. Based on an average daily trading volume, of 82,500 shares, the short-interest ratio is presently 0.9 days.

RiverNorth Opportunities Fund Trading Up 0.8 %

Shares of NYSE RIV opened at $11.66 on Monday. The firm has a 50-day simple moving average of $11.77 and a 200-day simple moving average of $11.18. RiverNorth Opportunities Fund has a 52 week low of $9.63 and a 52 week high of $12.43.

RiverNorth Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.1289 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 13.27%. The ex-dividend date is Friday, June 14th.

Institutional Investors Weigh In On RiverNorth Opportunities Fund

A number of hedge funds have recently modified their holdings of the business. National Bank of Canada FI purchased a new stake in shares of RiverNorth Opportunities Fund in the fourth quarter valued at about $29,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of RiverNorth Opportunities Fund in the fourth quarter valued at about $49,000. Transcend Capital Advisors LLC purchased a new stake in shares of RiverNorth Opportunities Fund in the fourth quarter valued at about $132,000. Atria Wealth Solutions Inc. purchased a new stake in shares of RiverNorth Opportunities Fund in the fourth quarter valued at about $134,000. Finally, CoreCap Advisors LLC grew its holdings in shares of RiverNorth Opportunities Fund by 14.8% in the fourth quarter. CoreCap Advisors LLC now owns 12,425 shares of the company’s stock valued at $137,000 after purchasing an additional 1,600 shares during the period.

About RiverNorth Opportunities Fund

RiverNorth Opportunities Fund, Inc is a close ended equity mutual fund co- launched and co- managed by ALPS Advisors, Inc and RiverNorth Capital Management, LLC. It invests in the equity markets. The fund seeks to invest in stocks of companies operating across the diversified sectors. RiverNorth Opportunities Fund, Inc was formed on December 24, 2015 and is domiciled in the United States.