Favorable Media Coverage Somewhat Unlikely to Impact Rivernorth Opportunities Fund (RIV) Share Price

News stories about Rivernorth Opportunities Fund (NYSE:RIV) have been trending positive on Tuesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rivernorth Opportunities Fund earned a news impact score of 0.41 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.7207983528889 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of Rivernorth Opportunities Fund (NYSE:RIV) traded up $0.07 on Tuesday, hitting $19.67. The stock had a trading volume of 108,456 shares, compared to its average volume of 36,438. Rivernorth Opportunities Fund has a 12-month low of $18.29 and a 12-month high of $21.57.

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 15th will be given a dividend of $0.21 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 12.81%. The ex-dividend date of this dividend is Thursday, December 14th.

In other Rivernorth Opportunities Fund news, insider Rivernorth Capital Management, sold 14,374 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $21.01, for a total value of $301,997.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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Rivernorth Opportunities Fund Company Profile

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).

Insider Buying and Selling by Quarter for Rivernorth Opportunities Fund (NYSE:RIV)

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