Rivernorth Opportunities Fund Inc (RIV) Insider Rivernorth Capital Management, Sells 14,000 Shares of Stock

Rivernorth Opportunities Fund Inc (NYSE:RIV) insider Rivernorth Capital Management, sold 14,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $20.67, for a total transaction of $289,380.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, January 2nd, Rivernorth Capital Management, sold 13,000 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $20.10, for a total transaction of $261,300.00.
  • On Thursday, December 21st, Rivernorth Capital Management, sold 13,442 shares of Rivernorth Opportunities Fund stock. The stock was sold at an average price of $19.75, for a total transaction of $265,479.50.

Rivernorth Opportunities Fund Inc (NYSE RIV) traded down $0.16 during midday trading on Thursday, hitting $20.71. 15,246 shares of the stock were exchanged, compared to its average volume of 82,086. Rivernorth Opportunities Fund Inc has a 1-year low of $18.76 and a 1-year high of $21.57.

The company 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 of this dividend was Thursday, December 14th. This represents a $2.52 dividend on an annualized basis and a yield of 12.17%.

An institutional investor recently bought a new position in Rivernorth Opportunities Fund stock. Sit Investment Associates Inc. acquired a new position in Rivernorth Opportunities Fund Inc (NYSE:RIV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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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