SeekingAlpha · Nov 18, 2025
RM
NYSE · RMI
RiverNorth Opportunistic Municipal Income Fund, Inc.
Financial Services · Financial - Conglomerates
$14.22
Up+$0.03 (+0.21%)
Updated Sep 16, 2026, 5:59 PM
SID Score
2.9/10
Composite research score
Smart Money
—
Institutional and insider signal
- Market cap
- 93.51M
- P/E ratio
- -23.43
- Dividend yield
- 8.70%
- 52-week range
- $14.06 – $16.25
- Volume
- 20.77K
- Avg. volume
- 29.03K
Price performance
RMI price history
1M range · 20 trading sessions · Daily adjusted prices
RMI closed at $14.22 after 20 trading sessions, down 8.20% for the selected period.
- Last close
- $14.22
- Period change
- -8.20%
- Period low
- $14.22
- Period high
- $15.49
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Sep 15, 2026 | $14.45 | $14.45 | $14.06 | $14.215 | 20.77K |
| Sep 14, 2026 | $14.47 | $14.745 | $14.47 | $14.55 | 12.3K |
| Sep 11, 2026 | $14.63 | $14.63 | $14.53 | $14.5704 | 5.88K |
| Sep 10, 2026 | $14.81 | $14.81 | $14.49 | $14.595 | 16.8K |
| Sep 9, 2026 | $14.83 | $14.84 | $14.8229 | $14.8316 | 1.48K |
| Sep 8, 2026 | $14.93 | $14.95 | $14.8983 | $14.9099 | 2.94K |
| Sep 4, 2026 | $15.04 | $15.04 | $14.91 | $14.97 | 4.94K |
| Sep 3, 2026 | $15.05 | $15.0999 | $15.01 | $15.0428 | 5.87K |
| Sep 2, 2026 | $15.33 | $15.33 | $15.04 | $15.045 | 2.54K |
| Sep 1, 2026 | $15.12 | $15.35 | $15.12 | $15.17 | 9.77K |
| Aug 31, 2026 | $15.35 | $15.4529 | $15.16 | $15.19 | 17.18K |
| Aug 28, 2026 | $15.11 | $15.19 | $15.06 | $15.16 | 6.78K |
| Aug 27, 2026 | $15.02 | $15.20 | $15.012 | $15.13 | 13.3K |
| Aug 26, 2026 | $15.20 | $15.20 | $15.05 | $15.12 | 19.19K |
| Aug 25, 2026 | $15.20 | $15.20 | $15.13 | $15.20 | 11.2K |
| Aug 24, 2026 | $15.20 | $15.20 | $15.15 | $15.15 | 4.11K |
| Aug 21, 2026 | $15.25 | $15.25 | $15.16 | $15.20 | 8.06K |
| Aug 20, 2026 | $15.54 | $15.54 | $15.22 | $15.22 | 12.62K |
| Aug 19, 2026 | $15.52 | $15.54 | $15.42 | $15.42 | 7.01K |
| Aug 18, 2026 | $15.72 | $15.73 | $15.485 | $15.485 | 6.22K |
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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