Rivernorth Capital Management, Sells 13,000 Shares of Rivernorth Opportunities Fund Inc (RIV) Stock

Rivernorth Opportunities Fund Inc (NYSE:RIV) insider Rivernorth Capital Management, sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $20.10, for a total transaction of $261,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Rivernorth Capital Management, also recently made the following trade(s):

  • On Thursday, December 21st, Rivernorth Capital Management, sold 13,442 shares of Rivernorth Opportunities Fund stock. The shares were sold at an average price of $19.75, for a total transaction of $265,479.50.
  • On Tuesday, October 10th, Rivernorth Capital Management, sold 14,374 shares of Rivernorth Opportunities Fund stock. The shares were sold at an average price of $21.01, for a total transaction of $301,997.74.
  • On Thursday, October 5th, Rivernorth Capital Management, sold 7,000 shares of Rivernorth Opportunities Fund stock. The shares were sold at an average price of $20.72, for a total transaction of $145,040.00.

Shares of Rivernorth Opportunities Fund Inc (NYSE:RIV) opened at $20.21 on Friday. Rivernorth Opportunities Fund Inc has a one year low of $18.76 and a one year high of $21.57.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 15th were issued a $0.21 dividend. The ex-dividend date was Thursday, December 14th. This represents a $2.52 dividend on an annualized basis and a yield of 12.47%.

A hedge fund recently bought a new stake in Rivernorth Opportunities Fund stock. Sit Investment Associates Inc. acquired a new stake in Rivernorth Opportunities Fund Inc (NYSE:RIV) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,261 shares of the company’s stock, valued at approximately $129,000.

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About Rivernorth Opportunities Fund

Rivernorth Opportunities Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds and exchange-traded funds (ETFs, and collectively, Underlying Funds).

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