RIVERNORTH OPPORT MUNI INC (RMI) Stock Price, Forecast & Analysis

What does RIVERNORTH OPPORT MUNI INC do?

Rivernorth Opportunistic Municipal Income Fund Inc is a US-based company operating in industry. The company is headquartered in West Palm Beach, Florida. The company went IPO on 2018-10-26. Rivernorth Opportunistic Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from regular United States federal income taxes (but which may be includable in taxable income for purposes of the Federal alternative minimum tax). The Fund’s secondary investment objective is total return. Under normal market conditions, the Fund seeks to achieve its investment objectives by investing, directly or indirectly, at least 80% of its managed assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular United States federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax (Municipal Bonds). The Fund’s investment adviser is RiverNorth Capital Management, LLC (the Adviser) and the Fund’s sub-adviser is MacKay.

Can you provide the latest stock price for RIVERNORTH OPPORT MUNI INC?

The current stock price of RMI is 14.55 USD. The price increased by 0.69% in the last trading session.

What is the ChartMill technical and fundamental rating of RMI stock?

RMI has a ChartMill Technical rating of 4 out of 10 and a ChartMill Fundamental rating of 1 out of 10.