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RiverNorth Closed-End Funds Declare Monthly Distributions
Business Wire (Thu, 1-Oct 4:30 PM ET)
Rivernorth Managed Duration Municipal Income trades on the NYSE stock market under the symbol RMM.
As of October 8, 2026, RMM stock price was flat at $12.55 with 20,314 million shares trading.
RMM has a beta of 0.43, meaning it tends to be less sensitive to market movements. RMM has a correlation of 0.14 to the broad based SPY ETF.
RMM has a market cap of $247.73 million. This is considered a Small Cap stock.
In the last 3 years, RMM traded as high as $16.37 and as low as $12.15.
RMM has underperformed the market in the last year with a price return of -3.3% while the SPY ETF gained +17.0%. RMM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.9% and -4.0%, respectively, while the SPY returned +4.0% and +1.0%, respectively.
RMM support price is $12.38 and resistance is $12.72 (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 RMM shares will trade within this expected range on the day.
