RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSE:RMMZ) Stock Short Interest Report for September

RiverNorth Managed Duration Municipal Income Fund II, Inc. (NYSE:RMMZ) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 20,243 shares, an increase of 71.9% from the September 15th total of 11,776 shares. Based on an average daily volume of 32,306 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of RiverNorth Managed Duration Municipal Income Fund II

Large investors have recently made changes to their positions in the company. Gateway Wealth Partners LLC raised its stake in RiverNorth Managed Duration Municipal Income Fund II by 120.8% during the 1st quarter. Gateway Wealth Partners LLC now owns 291,298 shares of the company’s stock worth $4,279,000 after buying an additional 159,344 shares during the period. Royal Bank of Canada grew its stake in RiverNorth Managed Duration Municipal Income Fund II by 3.9% in the first quarter. Royal Bank of Canada now owns 200,131 shares of the company’s stock valued at $2,940,000 after acquiring an additional 7,598 shares during the period. Wedbush Securities Inc. grew its stake in RiverNorth Managed Duration Municipal Income Fund II by 397.2% in the second quarter. Wedbush Securities Inc. now owns 73,819 shares of the company’s stock valued at $1,095,000 after acquiring an additional 58,972 shares during the period. Rivernorth Capital Management LLC grew its stake in RiverNorth Managed Duration Municipal Income Fund II by 62.3% in the second quarter. Rivernorth Capital Management LLC now owns 40,249 shares of the company’s stock valued at $605,000 after acquiring an additional 15,447 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in RiverNorth Managed Duration Municipal Income Fund II in the second quarter valued at about $98,000.

RiverNorth Managed Duration Municipal Income Fund II Stock Up 0.5%

NYSE:RMMZ traded up $0.07 during trading hours on Thursday, hitting $13.37. The stock had a trading volume of 18,282 shares, compared to its average volume of 19,506. RiverNorth Managed Duration Municipal Income Fund II has a one year low of $12.77 and a one year high of $15.29. The business’s 50 day moving average is $14.10 and its 200-day moving average is $14.57.

RiverNorth Managed Duration Municipal Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $0.0891 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.07 annualized dividend and a dividend yield of 8.0%.