RiverNorth Flexible Municipal Income Fund (NYSEARCA:RFM) Stock Price Down 0.5% – What’s Next?

Posted by Michael Walen on Jul 25th, 2026

RiverNorth Flexible Municipal Income Fund, Inc. (NYSEARCA:RFM – Get Free Report) shares traded down 0.5% on Thursday . The company traded as low as $14.63 and last traded at $14.67. Approximately 3,368 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 17,944 shares. The stock had previously closed at $14.74.

RiverNorth Flexible Municipal Income Fund Trading Down 0.7%

The company’s fifty day moving average is $14.66 and its 200 day moving average is $14.45.

RiverNorth Flexible Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.0881 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 7.3%.

Hedge Funds Weigh In On RiverNorth Flexible Municipal Income Fund

A number of large investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC purchased a new stake in shares of RiverNorth Flexible Municipal Income Fund during the fourth quarter valued at approximately $72,000. Rivernorth Capital Management LLC purchased a new position in shares of RiverNorth Flexible Municipal Income Fund in the fourth quarter valued at about $159,000. LPL Financial LLC bought a new position in shares of RiverNorth Flexible Municipal Income Fund during the fourth quarter valued at about $162,000. &PARTNERS purchased a new stake in shares of RiverNorth Flexible Municipal Income Fund during the fourth quarter worth about $214,000. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of RiverNorth Flexible Municipal Income Fund in the fourth quarter worth about $219,000.

About RiverNorth Flexible Municipal Income Fund

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The RiverNorth Flexible Municipal Income Fund, Inc seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return.