SeekingAlpha · Nov 18, 2025
RM
NYSE · RMI
RiverNorth Opportunistic Municipal Income Fund, Inc.
Financial Services · Financial - Conglomerates
$15.71
Down-$0.07 (-0.44%)
Updated Aug 15, 2026, 3:10 AM
SID Score
4.2/10
Composite research score
Smart Money
—
Institutional and insider signal
- Market cap
- 93.51M
- P/E ratio
- -23.43
- Dividend yield
- 7.87%
- 52-week range
- $14.66 – $16.25
- Volume
- 5.73K
- Avg. volume
- 29.03K
Price performance
RMI price history
1M range · 21 trading sessions · Daily adjusted prices
RMI closed at $15.71 after 21 trading sessions, up 0.00% for the selected period.
- Last close
- $15.71
- Period change
- +0.00%
- Period low
- $15.15
- Period high
- $15.88
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Aug 14, 2026 | $15.78 | $15.78 | $15.5101 | $15.71 | 5.73K |
| Aug 13, 2026 | $15.7801 | $15.8094 | $15.65 | $15.78 | 1.74K |
| Aug 12, 2026 | $15.65 | $15.8599 | $15.47 | $15.60 | 19.7K |
| Aug 11, 2026 | $15.8637 | $15.8637 | $15.58 | $15.62 | 33.91K |
| Aug 10, 2026 | $15.80 | $15.89 | $15.5669 | $15.7999 | 13.51K |
| Aug 7, 2026 | $15.73 | $15.89 | $15.58 | $15.765 | 24.38K |
| Aug 6, 2026 | $15.88 | $15.88 | $15.6447 | $15.73 | 12.09K |
| Aug 5, 2026 | $15.97 | $16.02 | $15.755 | $15.84 | 23.44K |
| Aug 4, 2026 | $15.75 | $15.97 | $15.6636 | $15.88 | 35.9K |
| Aug 3, 2026 | $15.60 | $15.7199 | $15.60 | $15.695 | 15.93K |
| Jul 31, 2026 | $15.30 | $15.75 | $15.11 | $15.65 | 237.21K |
| Jul 30, 2026 | $15.25 | $15.25 | $15.11 | $15.15 | 21.35K |
| Jul 29, 2026 | $15.09 | $15.25 | $15.09 | $15.2446 | 8.6K |
| Jul 28, 2026 | $15.33 | $15.33 | $15.0701 | $15.1801 | 16.58K |
| Jul 27, 2026 | $15.65 | $15.65 | $15.27 | $15.33 | 13.89K |
| Jul 24, 2026 | $15.27 | $15.50 | $15.27 | $15.345 | 2.78K |
| Jul 23, 2026 | $15.42 | $15.6599 | $15.35 | $15.42 | 16.14K |
| Jul 22, 2026 | $15.55 | $15.57 | $15.42 | $15.427 | 12.24K |
| Jul 21, 2026 | $15.69 | $15.69 | $15.40 | $15.47 | 16.71K |
| Jul 20, 2026 | $15.75 | $15.75 | $15.4242 | $15.59 | 7.31K |
| Jul 17, 2026 | $15.79 | $15.79 | $15.652 | $15.71 | 1.64K |
Latest RMI news
The latest Smart Investors Daily articles mentioning RMI.
Stock researchCompany · Overview
RMI research
Overview
Company profile and research snapshot.
Company profile
RiverNorth Opportunistic Municipal Income Fund, Inc. is a diversified, closed-end management investment company. Its investment objective is to seek current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.
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seekingalpha.com · Nov 18, 2025
RMI: Impressive Yield But Largely Funded By Return Of Capital
RiverNorth Opportunistic Municipal Income Fund offers a 7%+ yield, but over 60% is return of capital, not true income. RMI's strategy of investing in both municipal bonds and discounted closed-end funds is clever in theory but underwhelms in practice. After adjusting for return of capital, RMI's effective yield is only about 3.1%, lower than alternatives like SHYM or VTEB.
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