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RiverNorth Opportunistic Municipalome Fund, (RiverNorth Opportunistic Municipalome Fund,) 6-1 Month Momentum % : 7.70% (As of May. 12, 2024)


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What is RiverNorth Opportunistic Municipalome Fund, 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-12), RiverNorth Opportunistic Municipalome Fund,'s 6-1 Month Momentum % is 7.70%.

The industry rank for RiverNorth Opportunistic Municipalome Fund,'s 6-1 Month Momentum % or its related term are showing as below:

RMI's 6-1 Month Momentum % is ranked better than
50.2% of 1743 companies
in the Asset Management industry
Industry Median: 7.64 vs RMI: 7.70

Competitive Comparison of RiverNorth Opportunistic Municipalome Fund,'s 6-1 Month Momentum %

For the Asset Management subindustry, RiverNorth Opportunistic Municipalome Fund,'s 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


RiverNorth Opportunistic Municipalome Fund,'s 6-1 Month Momentum % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RiverNorth Opportunistic Municipalome Fund,'s 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where RiverNorth Opportunistic Municipalome Fund,'s 6-1 Month Momentum % falls into.



RiverNorth Opportunistic Municipalome Fund,  (NYSE:RMI) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


RiverNorth Opportunistic Municipalome Fund,  (NYSE:RMI) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


RiverNorth Opportunistic Municipalome Fund, 6-1 Month Momentum % Related Terms

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RiverNorth Opportunistic Municipalome Fund, (RiverNorth Opportunistic Municipalome Fund,) Business Description

Traded in Other Exchanges
N/A
Address
360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401
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.
Executives
Stephen Andrew O'neill other: Portfolio Manager 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Patrick W. Galley director, officer: President 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Lisa Bruckert Mougin director C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Scott Sprauer other: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John J Lawlor other: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Robert A Dimella other: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Brian H Schmucker other: Officer of Investment Adviser 325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
Jerry Raio director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Rivernorth Capital Management, Llc other: Investment Adviser 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Michael Petty other: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
David Dowden other: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NJ 10105
Mackay Shields Llc other: Sub-Adviser 1345 AVENUE OF THE AMERICAS, 42ND FLOOR, NEW YORK NY 10105
Jonathan M. Mohrhardt other: Treasurer 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Marcus L Collins other: Secretary and CCO 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Robert Patrick Burke other: Portfolio Manager C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105

RiverNorth Opportunistic Municipalome Fund, (RiverNorth Opportunistic Municipalome Fund,) Headlines

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