Short Interest in RiverNorth Opportunities Fund, Inc. (NYSE:RIV) Decreases By 20.7%

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 63,900 shares, a decline of 20.7% from the October 15th total of 80,600 shares. Based on an average trading volume of 74,300 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RIV. Penserra Capital Management LLC purchased a new stake in RiverNorth Opportunities Fund during the 3rd quarter valued at approximately $7,864,000. B. Riley Wealth Advisors Inc. increased its holdings in RiverNorth Opportunities Fund by 28.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 248,240 shares of the company’s stock valued at $3,043,000 after acquiring an additional 54,790 shares during the last quarter. Tennessee Valley Asset Management Partners increased its holdings in RiverNorth Opportunities Fund by 1.5% in the 2nd quarter. Tennessee Valley Asset Management Partners now owns 97,202 shares of the company’s stock valued at $1,191,000 after acquiring an additional 1,402 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in RiverNorth Opportunities Fund by 1.4% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 89,676 shares of the company’s stock worth $1,099,000 after purchasing an additional 1,226 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of RiverNorth Opportunities Fund during the 3rd quarter valued at about $568,000.

RiverNorth Opportunities Fund Price Performance

NYSE RIV traded down $0.12 on Friday, reaching $12.39. 55,167 shares of the stock were exchanged, compared to its average volume of 81,608. RiverNorth Opportunities Fund has a one year low of $10.34 and a one year high of $12.96. The company’s 50-day simple moving average is $12.62 and its two-hundred day simple moving average is $12.36.

RiverNorth Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.1289 per share. The ex-dividend date is Friday, December 13th. This represents a $1.55 annualized dividend and a dividend yield of 12.48%.

RiverNorth Opportunities Fund Company Profile

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.