News headlines about Rivernorth Opportunities Fund (NYSE:RIV) have trended very positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rivernorth Opportunities Fund earned a news sentiment score of 0.53 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.3891703823114 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Rivernorth Opportunities Fund (NYSE RIV) opened at $20.85 on Tuesday. Rivernorth Opportunities Fund has a 12-month low of $19.10 and a 12-month high of $21.57.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.52 annualized dividend and a dividend yield of 12.09%.
In related news, insider Rivernorth Capital Management, sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $20.10, for a total value of $261,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 40,442 shares of company stock valued at $816,160 over the last quarter.
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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).
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