RIV Price Forecast & CEF Analysis. Distribution · NAV · Discount · Expense Ratio · RSI · MACD | US Stocks Today
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💰 This is a multi-asset closed-end fund (CEF) managed by RiverNorth Capital Management. It is an income-oriented product that invests broadly in other closed-end funds, ETFs, and business development companies, providing monthly distributions.
It runs 26% of assets on borrowed money.
Borrowing to buy more lifts gains and deepens losses. This is not the same as an ETF tracking 3x a day.
Against the value of what the fund holds you are paying 10.3% less.
Its holdings are worth $11.22 per share, but it trades at $10.07. Over the past year it usually traded 6.2% below value, so it is cheaper now.
Over the past 1 year, on the lower side
15% below its 1-year high.
Traded less than usual. That is 67% of its average volume.
Ex-dividend date: November 16
9 days to go. Buy before this date to receive the dividend.
Holding long would have lost money
Bought 5 years ago, your return today would be -37.8%. The S&P 500 did +57% over the same period.
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Dividends are paid consistently
Pays 15.11% annually in dividends.
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Ownership looks stable
Institutions hold 35.3%.
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Multiple ETFs hold this stock, but only a sliver
Buying this ETF gives you exposure to this stock as well.
Special products that amplify (leveraged) or invert this single stock. They decay quickly and are not for long-term holding.
It ranks #939 of 1436 in the industry
Based on market cap of $278M.
FAQ
What kind of CEF is RIV?
RIV is a closed-end fund (CEF).
What is the distribution yield of RIV?
RIV's distribution yield is approximately 15.11%, paid out on a regular basis.
What is the 52-week high and low for RIV?
RIV has recorded a 52-week high of $11.99 and a low of $9.82.