RiverNorth Opportunities Fund, Inc. $RIV Shares Sold by Absolute Investment Advisers LLC

Absolute Investment Advisers LLC reduced its position in shares of RiverNorth Opportunities Fund, Inc. (NYSE:RIV) by 28.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,406 shares of the company’s stock after selling 109,983 shares during the period. Absolute Investment Advisers LLC’s holdings in RiverNorth Opportunities Fund were worth $3,046,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in RIV. Sit Investment Associates Inc. boosted its position in RiverNorth Opportunities Fund by 1,374.7% in the 4th quarter. Sit Investment Associates Inc. now owns 2,771,040 shares of the company’s stock valued at $32,532,000 after buying an additional 2,583,139 shares during the last quarter. Yakira Capital Management Inc. acquired a new stake in RiverNorth Opportunities Fund during the 4th quarter valued at approximately $5,244,000. Arete Wealth Advisors LLC purchased a new stake in RiverNorth Opportunities Fund during the 4th quarter worth approximately $4,428,000. Readystate Asset Management LP purchased a new stake in RiverNorth Opportunities Fund during the 4th quarter worth approximately $2,285,000. Finally, Nomura Holdings Inc. acquired a new position in shares of RiverNorth Opportunities Fund in the 3rd quarter valued at approximately $1,200,000.

RiverNorth Opportunities Fund Stock Down 0.1%

Shares of RIV opened at $11.54 on Monday. The business’s 50 day moving average is $11.58 and its two-hundred day moving average is $11.67. RiverNorth Opportunities Fund, Inc. has a 52-week low of $10.93 and a 52-week high of $12.56.

RiverNorth Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.1306 dividend. This represents a c) dividend on an annualized basis and a yield of 13.6%. The ex-dividend date is Monday, June 15th.

RiverNorth Opportunities Fund Company Profile

RiverNorth Opportunities Fund (NYSE:RIV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. Listed on the New York Stock Exchange, the fund employs an unconstrained, actively managed approach to investing across a broad array of convertible and derivative securities.

The fund’s primary investments include convertible bonds, convertible preferred stocks, synthetic convertible instruments (such as caps, floors and spreads), and related derivative instruments.