RIV

RiverNorth Opportunities Fund
RIV
Market cap $276M

12.88 USD
-0.07
0.54%
At close Oct 4, 4:00 PM EDT
1 day
-0.54%
5 days
0.47%
1 month
4.29%
3 months
4.38%
6 months
8.78%
Year to date
17.41%
1 year
23.37%
5 years
-23.83%
 

About: Rivernorth Opportunities Fund Inc is a diversified, closed-end management investment company. The fund's investment objective is total return consisting of capital appreciation and current income.

0
Funds holding %
of 6,728 funds
–
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

118% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 11

5.79% less ownership

Funds ownership: 29.61% [Q1] → 23.82% (-5.79%) [Q2]

6% less funds holding

Funds holding: 50 [Q1] → 47 (-3) [Q2]

21% less capital invested

Capital invested by funds: $76.2M [Q1] → $60.4M (-$15.8M) [Q2]

60% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 5

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Research analyst outlook

We haven’t received any recent analyst ratings for RIV.

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Financial journalist opinion

Neutral
Business Wire
2 days ago
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for October, November and December 2024, as detailed below. Ex Date Record Date Payable Date October 15, 2024 October 15, 2024 October 31, 2024 November 15, 2024 November 15, 2024 November 29, 2024 December 13, 2024 December 13, 2024 December 31, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset.
RiverNorth Closed-End Funds Declare Monthly Distributions
Positive
24/7 Wall Street
1 month ago
Need $15,000 Passive Income? Buy These Dividend Stocks
24/7 Wall Street Insights Closed-End Mutual Funds (CEF) trade like stocks but provide comparable performance to their Open-End Mutual Fund cousins and may have additional advantages.
Need $15,000 Passive Income? Buy These Dividend Stocks
Positive
Seeking Alpha
1 month ago
RIV: Good Fund With A Solid Strategy, But Price Is A Bit High
RiverNorth Opportunities Fund offers a high current yield of 12.41%, much higher than its peers. The fund focuses on closed-end funds, ETFs, SPACs, and BDCs to capitalize on market inefficiencies. The fund's strategy works pretty well for delivering both a high level of current income and capital gains.
RIV: Good Fund With A Solid Strategy, But Price Is A Bit High
Neutral
Business Wire
3 months ago
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for July, August and September 2024, as detailed below. Ex Date Record Date Payable Date July 15, 2024 July 15, 2024 July 31, 2024 August 15, 2024 August 15, 2024 August 30, 2024 September 13, 2024 September 13, 2024 September 30, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as.
RiverNorth Closed-End Funds Declare Monthly Distributions
Positive
Seeking Alpha
4 months ago
RIV: This May Be Your Last Chance For The Discount
RiverNorth Opportunities Fund is a closed-end fund that invests in a diversified portfolio of equity, fixed income, and alternative assets. Despite a decline in price, RIV's total return has performed well compared to its benchmark, the Vanguard Balanced Index Fund. RIV currently trades below its average discount, making it an attractive option for income-focused portfolios with a high distribution rate of 12.72%.
RIV: This May Be Your Last Chance For The Discount
Neutral
Business Wire
4 months ago
RiverNorth Opportunities Fund, Inc. Announces Change in Fiscal Year End
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the “Fund”) is pleased to announce that on May 14-15, 2024, the Board of Directors of the Fund (the “Board”) approved a change to the fiscal year end (“FYE”) of the Fund, as set forth in the table below. Fund Ticker Current FYE New FYE RiverNorth Opportunities Fund, Inc. RIV July 31 June 30 This change was made to increase efficiencies and reduce operating costs for the Fund by bringing it into alignment wi.
RiverNorth Opportunities Fund, Inc. Announces Change in Fiscal Year End
Neutral
Business Wire
6 months ago
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have declared distributions for April, May and June 2024, as detailed below. Ex Date Record Date Payable Date April 12, 2024 April 15, 2024 April 30, 2024 May 14, 2024 May 15, 2024 May 31, 2024 June 14, 2024 June 14, 2024 June 28, 2024 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as of 3/28/2024 Annualized Curr.
RiverNorth Closed-End Funds Declare Monthly Distributions
Positive
Seeking Alpha
6 months ago
RIV: Attractive Discount, But Could Get More Attractive
RiverNorth Opportunities fund continues to trade at an attractive valuation relative to its historical level. The fund is highly diversified, with the largest exposure in other closed-end funds, and offers a multi-asset approach with an attractive distribution rate. The fund looks relatively attractive; however, it is overdue for a rights offering that it had done annually - a rights offering could see the discount widen further.
RIV: Attractive Discount, But Could Get More Attractive
Positive
24/7 Wall Street
7 months ago
Want $5000 in Passive Income? Invest $5000 in These 7 Funds
Work smarter, not harder, the adage tells us. One way to do that is with passive income, which is derived from ownership rather than labor or active involvement in an enterprise.
Want $5000 in Passive Income? Invest $5000 in These 7 Funds
Positive
Seeking Alpha
8 months ago
RIV: Increase Your Cash Stream With RiverNorth's 13.5% Level Distribution
I have added abrdn Global Infrastructure Income Fund and RiverNorth Opportunities Fund to my portfolio. RIV is a fund of funds that invests in various types of investments, including BDCs, CEFs, and SPACs. RIV offers a high yield and monthly distributions, and currently trades at a discount to NAV, making it an attractive option for income investors.
RIV: Increase Your Cash Stream With RiverNorth's 13.5% Level Distribution
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