RiverNorth Opportunities Fund, Inc. (RIV) To Go Ex-Dividend on January 15th

RiverNorth Opportunities Fund, Inc. (NYSE:RIV) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of 0.1306 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date of this dividend is Thursday, January 15th. This is a 2.3% increase from RiverNorth Opportunities Fund’s previous monthly dividend of $0.13.

RiverNorth Opportunities Fund Stock Performance

Shares of RiverNorth Opportunities Fund stock traded up $0.01 on Tuesday, hitting $11.99. The company had a trading volume of 69,458 shares, compared to its average volume of 85,278. RiverNorth Opportunities Fund has a 1 year low of $10.11 and a 1 year high of $12.56. The stock has a 50 day moving average of $11.66 and a 200-day moving average of $11.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Total Wealth Planning & Management Inc. boosted its position in RiverNorth Opportunities Fund by 3.5% in the second quarter. Total Wealth Planning & Management Inc. now owns 27,108 shares of the company’s stock worth $332,000 after purchasing an additional 907 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of RiverNorth Opportunities Fund by 1.7% during the 2nd quarter. Raymond James Financial Inc. now owns 63,215 shares of the company’s stock valued at $775,000 after purchasing an additional 1,047 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of RiverNorth Opportunities Fund by 5.9% in the third quarter. NewEdge Advisors LLC now owns 19,700 shares of the company’s stock worth $236,000 after buying an additional 1,100 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of RiverNorth Opportunities Fund during the 2nd quarter valued at $40,000. Finally, Oppenheimer & Co. Inc. increased its stake in RiverNorth Opportunities Fund by 15.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 50,265 shares of the company’s stock worth $603,000 after acquiring an additional 6,878 shares during the last quarter.

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.