RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) Short Interest Up 241.5% in February

Posted by Grant Hamersma on Mar 11th, 2026

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI – Get Free Report) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 111,928 shares, an increase of 241.5% from the February 12th total of 32,779 shares. Based on an average daily volume of 97,174 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 97,174 shares, the days-to-cover ratio is presently 1.2 days.

RiverNorth Opportunistic Municipal Income Fund Trading Down 0.8%

NYSE:RMI traded down $0.13 during mid-day trading on Wednesday, reaching $15.66. 25,992 shares of the stock were exchanged, compared to its average volume of 37,249. RiverNorth Opportunistic Municipal Income Fund has a 1 year low of $13.63 and a 1 year high of $16.36. The company has a 50 day simple moving average of $15.02 and a 200-day simple moving average of $14.66.

RiverNorth Opportunistic Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.0889 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Monday, March 16th.

Insider Activity at RiverNorth Opportunistic Municipal Income Fund

In other news, insider Financial Holdings Rivernorth bought 3,941 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were acquired at an average price of $14.47 per share, for a total transaction of $57,026.27. Following the completion of the transaction, the insider owned 84,454 shares of the company’s stock, valued at approximately $1,222,049.38. This trade represents a 4.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On RiverNorth Opportunistic Municipal Income Fund

A number of institutional investors have recently modified their holdings of RMI. Osaic Holdings Inc. grew its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 20.5% in the 4th quarter. Osaic Holdings Inc. now owns 34,764 shares of the company’s stock valued at $497,000 after purchasing an additional 5,917 shares during the last quarter. Royal Bank of Canada raised its stake in shares of RiverNorth Opportunistic Municipal Income Fund by 1.2% during the fourth quarter. Royal Bank of Canada now owns 96,874 shares of the company’s stock worth $1,386,000 after purchasing an additional 1,141 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of RiverNorth Opportunistic Municipal Income Fund during the fourth quarter worth $161,000. Arlington Capital Management Inc. grew its position in RiverNorth Opportunistic Municipal Income Fund by 6.6% in the 4th quarter. Arlington Capital Management Inc. now owns 18,442 shares of the company’s stock valued at $264,000 after buying an additional 1,141 shares during the last quarter. Finally, Noble Wealth Management PBC grew its position in RiverNorth Opportunistic Municipal Income Fund by 6.8% in the 4th quarter. Noble Wealth Management PBC now owns 15,492 shares of the company’s stock valued at $222,000 after buying an additional 992 shares during the last quarter.

About RiverNorth Opportunistic Municipal Income Fund

(Get Free Report)

RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) is a closed-end management investment company that seeks to deliver tax-exempt income through diversified exposure to U.S. municipal securities. The fund is structured as a non-diversified, interval fund and primarily caters to investors pursuing high-quality, tax-advantaged income from state and local government obligations.

RMI employs an opportunistic, value-oriented investment process, focusing on both traditional investment-grade bonds and specialized niches within the municipal market.