RiverNorth Opportunistic Municipal Income Fund, Inc.

RiverNorth Opportunistic Municipal Income Fund, Inc.verified

RMI

Price:

$15.73

Market Cap:

$100.27M

RiverNorth Opportunistic Municipal Income Fund, Inc. operates as Closed-End Investment Fund/Investment Trust. It specializes in opportunistic investment strategies in niche markets. The firm operates as investment manager to registered funds, private funds and separately managed accounts. The company is headquartered in West Palm Beach, FL.[Read more]

Industry

Financial - Conglomerates

IPO Date

2018-10-26

Stock Exchange

NYSE

Ticker

RMI

The Current Ratio as of November 2024 (TTM) for RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) is 0

According to RiverNorth Opportunistic Municipal Income Fund, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0. This represents a change of -100.00% compared to the average of 1.10 of the last 4 quarters.

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) Historical Current Ratio (quarterly & annually)

How has RMI Current Ratio performed in the past?

The mean historical Current Ratio of RiverNorth Opportunistic Municipal Income Fund, Inc. over the last ten years is 2.48. The current 0 Current Ratio has changed -100.00% with respect to the historical average. Over the past ten years (40 quarters), RMI's Current Ratio was at its highest in in the December 2020 quarter at 25.07. The Current Ratio was at its lowest in in the December 2023 quarter at 0.

Quarterly (TTM)
Annual

Average

2.48

Median

1.59

Minimum

0

Maximum

6.82

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) Current Ratio by Quarter and Year

Discovering the peaks and valleys of RiverNorth Opportunistic Municipal Income Fund, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.48%

Maximum Annual Current Ratio = 6.82

Minimum Annual Increase = -100.00%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20240-100.00%
20232.20-67.66%
20226.821.48%
20210.43-90.33%
20204.46354.17%

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) Average Current Ratio

How has RMI Current Ratio performed in the past?

The current Current Ratio of RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

3.01

5-year avg

2.78

10-year avg

2.48

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) Current Ratio vs. Peers

How is RMI’s Current Ratio compared to its peers?

RiverNorth Opportunistic Municipal Income Fund, Inc.’s Current Ratio is less than MFS Investment Grade Municipal Trust (3.11), less than Nuveen Preferred and Income Fund (2.30), less than Rivernorth Managed Duration Municipal Income Fund Inc. (0), less than BlackRock MuniHoldings New York Quality Fund, Inc. (0.34), less than Virtus Convertible & Income 2024 Target Term Fund (2.04), less than Invesco High Income 2024 Target Term Fund (0), less than Eaton Vance National Municipal Opportunities Trust (0), less than Federated Hermes Premier Municipal Income Fund (4.36), less than Nuveen California Select Tax-Free Income Portfolio (3.14),

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