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RiverNorth Market Neutral ETF seeks to provide consistent total return while limiting correlation to the equity markets. The Fund is an actively managed exchange traded fund ("ETF") that seeks to achieve its investment objective by pursuing a market neutral strategy designed to generate positive returns during rising and falling equity markets (i.e., regardless of overall market direction). The Fund implements this market neutral strategy by seeking returns driven by the unique characteristics of its investments or pricing differences between related products, rather than the direction of the broader equity market. Those returns are designed to be uncorrelated with the broader equity market. The Fund invests in a wide range of investments, including pre-merger special purpose acquisition companies ("SPACs") and their rights and warrants, equities, American Depository Receipts ("ADRs"), US equity and fixed income exchange traded futures and ETFs, exchange traded options (including FLEX options), and corporate bonds. It may also use total return swaps, credit default swaps, and/or interest rate swaps to obtain exposure efficiently and to manage risk.
Rivernorth Market Neutral ETF trades on the BATS stock market under the symbol RNMN.
As of October 12, 2026, RNMN stock price was flat at $26.04 with 6 million shares trading.
RNMN has a market cap of $6.90 million. This is considered a Sub-Micro Cap stock.
RNMN support price is $25.75 and resistance is $26.33 (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 RNMN shares will trade within this expected range on the day.
