Rivernorth Managed Duration Municipal Income Fund Inc.

Rivernorth Managed Duration Municipal Income Fund Inc.verified

RMM

Price:

$15.49

Market Cap:

$305.77M

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 November 2024 (TTM) for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is 0

According to Rivernorth Managed Duration 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 1.34 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 1.99. The current 0 Current Ratio has changed -100.00% 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 2024 quarter at 0.

Quarterly (TTM)
Annual

Average

1.99

Median

1.28

Minimum

0

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 = -100.00%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20240-100.00%
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 less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.93

5-year avg

1.99

10-year avg

1.99

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 less than RiverNorth Opportunistic Municipal Income Fund, Inc. (0), less than MFS Investment Grade Municipal Trust (3.11), less than Nuveen Preferred and Income Fund (2.30), less than BlackRock MuniHoldings New York Quality Fund, Inc. (0.34), less than RiverNorth Flexible Municipal Income Fund II, Inc. (2.36), less than Queen City Investments, Inc. (0), less than NXG NextGen Infrastructure Income Fund (0), less than DTF Tax-Free Income 2028 Term Fund Inc. (1.46), less than DWS Municipal Income Trust (0.52), less than BlackRock MuniYield Quality Fund, Inc. (1.03), less than BlackRock Municipal Income Fund, Inc. (0.03), greater than BlackRock MuniHoldings Quality Fund II, Inc. (-1.40), less than MFS Municipal Income Trust (0.05), less than BlackRock MuniYield Quality Fund III, Inc. (0), less than Invesco Municipal Income Opportunities Trust (0), less than MFS High Income Municipal Trust (4.29), less than Putnam Premier Income Trust (0), less than Nuveen Municipal Credit Opportunities Fund (3.29), less than RiverNorth Flexible Municipal Income Fund, Inc. (0), less than First Trust High Yield Opportunities 2027 Term Fund (0), less than BlackRock MuniYield Fund, Inc. (0.30),

Build a custom stock screener for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) and other stocks

One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Rivernorth Managed Duration Municipal Income Fund Inc. using the financials and key metrics that matter to you in a single view.

The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:

Custom stock screener in Wisesheets

Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.

Get your free trial here.

Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) and other stocks custom spreadsheet templates

The easiest way to analyze a company like Rivernorth Managed Duration Municipal Income Fund Inc. or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.

Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.

Custom stock templates in Wisesheets

Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.

Frequently asked questions❓

What is the Current Ratio?

How can you use the Current Ratio?

What is Rivernorth Managed Duration Municipal Income Fund Inc.'s Current Ratio?

How is the Current Ratio calculated for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM)?

What is the highest Current Ratio for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM)?

What is the 3-year average Current Ratio for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM)?

What is the 5-year average Current Ratio for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM)?

How does the current Current Ratio for Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) compare to its historical average?