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RiverNorth Active Income ETF is actively managed. The Fund seeks to generate an attractive level of income combined with a unique, uncorrelatted source of alpha from closed-end fund discount trading. The Fund's assets are primarily allocated among closed-end funds ("CEFs") and exchange-traded funds ("ETFs"). Closed-end funds offer a unique structure whereby investors can purchase a diversified fund and potentially generate additional return through discount narrowing. Opportunistically utilizes a combination of short-term and long-term trading strategies to seek to derive value from changes in discounts and premiums associated with closed-end funds. The Fund will typically invest more than 50% of its assets in Underlying Funds. The remaining portion of the Fund's assets will be invested in individual equity and fixed income securities and real estate investment trusts ("REITs"), limited partnerships and structured securities, such as collateralized mortgage and debt obligations. REITs are companies that invest in real estate either directly or through mortgage securities.
Rivernorth Active Income ETF trades on the ARCA stock market under the symbol CEFZ.
As of August 28, 2026, CEFZ stock price was flat at $8.27 with 62,023 million shares trading.
CEFZ has a beta of 0.66, meaning it tends to be less sensitive to market movements. CEFZ has a correlation of 0.60 to the broad based SPY ETF.
CEFZ has a market cap of $41.80 million. This is considered a Sub-Micro Cap stock.
CEFZ has underperformed the market in the last year with a return of +12.3%, while the SPY ETF gained +19.7%. In the last 3 month period, CEFZ fell short of the market, returning +2.0%, while SPY returned +2.2%. However, in the most recent 2 weeks CEFZ has outperformed the stock market by returning -0.8%, while SPY returned -0.9%.
CEFZ support price is $8.14 and resistance is $8.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CEFZ shares will trade within this expected range on the day.
