Rivernorth Managed Duration Municipal Income Fund Inc.

Rivernorth Managed Duration Municipal Income Fund Inc.verified

RMM

Price:

$15.91

Market Cap:

$314.06M

Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 2...[Read more]

Industry

Asset Management - Income

IPO Date

2019-07-26

Stock Exchange

NYSE

Ticker

RMM

The Current Ratio as of September 2024 (TTM) for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is 2.34

According to Rivernorth Managed Duration Municipal Income Fund Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.34. This represents a change of 21.38% compared to the average of 1.93 of the last 4 quarters.

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Historical Current Ratio (quarterly & annually)

How has RMM Current Ratio performed in the past?

The mean historical Current Ratio of Rivernorth Managed Duration Municipal Income Fund Inc. over the last ten years is 2.46. The current 2.34 Current Ratio has changed 9.42% with respect to the historical average. Over the past ten years (40 quarters), RMM's Current Ratio was at its highest in in the December 2020 quarter at 15.00. The Current Ratio was at its lowest in in the June 2021 quarter at 0.25.

Quarterly (TTM)
Annual

Average

2.46

Median

1.50

Minimum

0.25

Maximum

6.92

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Rivernorth Managed Duration 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 = 408.91%

Maximum Annual Current Ratio = 6.92

Minimum Annual Increase = -96.35%

Minimum Annual Current Ratio = 0.25

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.3456.28%
20231.5016.61%
20221.28408.91%
20210.25-96.35%

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Average Current Ratio

How has RMM Current Ratio performed in the past?

The current Current Ratio of Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.71

5-year avg

2.46

10-year avg

2.46

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) Current Ratio vs. Peers

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

Rivernorth Managed Duration Municipal Income Fund Inc.’s Current Ratio is greater than RiverNorth Opportunistic Municipal Income Fund, Inc. (0), less than MFS Investment Grade Municipal Trust (3.11), greater than Nuveen Preferred and Income Fund (2.30), greater than BlackRock MuniHoldings New York Quality Fund, Inc. (1.37), less than RiverNorth Flexible Municipal Income Fund II, Inc. (2.36), greater than Queen City Investments, Inc. (0), greater than NXG NextGen Infrastructure Income Fund (0), greater than DTF Tax-Free Income 2028 Term Fund Inc. (1.46), greater than DWS Municipal Income Trust (2.16), greater than BlackRock MuniYield Quality Fund, Inc. (1.03), greater than BlackRock Municipal Income Fund, Inc. (0.03), greater than BlackRock MuniHoldings Quality Fund II, Inc. (0.10), greater than MFS Municipal Income Trust (0.05), greater than BlackRock MuniYield Quality Fund III, Inc. (0.12), less than Invesco Municipal Income Opportunities Trust (46.22), less than MFS High Income Municipal Trust (4.29), greater than Putnam Premier Income Trust (0.28), less than Nuveen Municipal Credit Opportunities Fund (3.29), greater than RiverNorth Flexible Municipal Income Fund, Inc. (0), greater than First Trust High Yield Opportunities 2027 Term Fund (2.09), greater than BlackRock MuniYield Fund, Inc. (0.30),

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