RiverNorth Managed Duration Municipal Income Fund II, Inc.

RiverNorth Managed Duration Municipal Income Fund II, Inc.verified

RMMZ

Price:

$16.213

Market Cap:

$137.08M

RiverNorth Managed Duration Municipal Income Fund II, Inc. functions as an organized, diversified, closed-end management investment fund. The fund's primary investment objective is current income exempt from regular U.S. Federal income and secondary investment objective is total return. The company is headquartered in Chicago, IL.[Read more]

Industry

Asset Management - Income

IPO Date

2022-02-11

Stock Exchange

NYSE

Ticker

RMMZ

The Current Ratio as of September 2024 (TTM) for RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) is 1.96

According to RiverNorth Managed Duration Municipal Income Fund II, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.96. This represents a change of 1.36% compared to the average of 1.93 of the last 4 quarters.

RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) Historical Current Ratio (quarterly & annually)

How has RMMZ Current Ratio performed in the past?

The mean historical Current Ratio of RiverNorth Managed Duration Municipal Income Fund II, Inc. over the last ten years is 1.80. The current 1.96 Current Ratio has changed 10.76% with respect to the historical average. Over the past ten years (40 quarters), RMMZ's Current Ratio was at its highest in in the December 2022 quarter at 2.24. The Current Ratio was at its lowest in in the December 2023 quarter at 1.42.

Quarterly (TTM)
Annual

Average

1.80

Median

1.96

Minimum

1.31

Maximum

2.14

RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) Current Ratio by Quarter and Year

Discovering the peaks and valleys of RiverNorth Managed Duration Municipal Income Fund II, 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 = 62.95%

Maximum Annual Current Ratio = 2.14

Minimum Annual Increase = -8.40%

Minimum Annual Current Ratio = 1.31

Quarterly (TTM)
Annual
YearCurrent RatioChange
20241.96-8.40%
20232.1462.95%

RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) Average Current Ratio

How has RMMZ Current Ratio performed in the past?

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

3-year avg

1.80

5-year avg

1.80

10-year avg

1.80

RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) Current Ratio vs. Peers

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

RiverNorth Managed Duration Municipal Income Fund II, Inc.’s Current Ratio is greater than RiverNorth Flexible Municipal Income Fund, Inc. (0), greater than BlackRock MuniHoldings Fund, Inc. (0.31), greater than Putnam Managed Municipal Income Trust (0), greater than Nuveen Dynamic Municipal Opportunities Fund (0.79), greater than RiverNorth Opportunistic Municipal Income Fund, Inc. (0), greater than BlackRock Municipal Income Fund, Inc. (0.03), greater than BlackRock MuniHoldings New York Quality Fund, Inc. (1.37), less than Nuveen New York Quality Municipal Income Fund (9.85), less than DWS Municipal Income Trust (2.16), less than Puyi Inc. (0), less than Virtus Convertible & Income 2024 Target Term Fund (7.66), less than MFS Investment Grade Municipal Trust (2.04), less than Invesco High Income 2024 Target Term Fund (3.11), greater than Eaton Vance National Municipal Opportunities Trust (0), greater than Federated Hermes Premier Municipal Income Fund (0), less than null (4.36),

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