Rivernorth Managed Duration Municipal Income Fund Inc. (RMM)Financial Services | Asset Management | Chicago, United States | NYSE
14.39 USD
+0.11
(0.770%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 14.46 +0.07 (0.507%) ⇧ (April 17, 2026, 6:58 p.m. EDT) Short-term: ★★☆☆☆ | Long-term: ★★★☆☆ | Dividends: ★★★★☆ |
Hot Take | April 11, 2026, 4:28 p.m. EDT
RMM has shown some upward momentum in recent price movements, with the current price near the 52-week high. However, the short-term forecasting model suggests a slight downward trend, which could indicate caution for short-term traders. The dividend yield is strong at 7.27%, with consistent payouts over the past few years, making it attractive for income-focused investors. While the dividend payout ratio is high, the stability of the dividend payments and the fund's focus on municipal income suggest it could be a reliable long-term holding. Overall, RMM offers a good balance between yield and potential for growth, but short-term traders should be cautious due to the forecasting model's negative prediction. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.025752 |
| AutoETS | 0.026550 |
| MSTL | 0.026613 |
| AutoARIMA | 0.027633 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 80% |
| H-stat | 0.74 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.152 |
| Excess Kurtosis | -0.88 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2026-05-14 |
| Last Dividend Date | 2026-04-14 |
| Market Cap | 284,053,248 |
| Trailing P/E | 75.74 |
| Website | https://www.rivernorth.com/closed-end-funds/rmm |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.59% | 7.87% | 8.31% | 8.43% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-04-15 | 0.085 | 0.591099 |
| 2026-03-16 | 0.085 | 0.588572 |
| 2026-02-13 | 0.085 | 0.590317 |
| 2026-01-15 | 0.085 | 0.615733 |
| 2025-12-15 | 0.091 | 0.671303 |
| 2025-11-14 | 0.091 | 0.656802 |
| 2025-10-15 | 0.091 | 0.666194 |
| 2025-09-15 | 0.091 | 0.682527 |
| 2025-08-15 | 0.091 | 0.702154 |
| 2025-07-15 | 0.091 | 0.685219 |
| 2025-06-13 | 0.091 | 0.720463 |
| 2025-05-15 | 0.091 | 0.700323 |
| 2025-04-15 | 0.091 | 0.741624 |
| 2025-03-14 | 0.091 | 0.687541 |
| 2025-02-14 | 0.091 | 0.659313 |
| 2025-01-15 | 0.091 | 0.674717 |
| 2024-12-13 | 0.092 | 0.661160 |
| 2024-11-15 | 0.092 | 0.659932 |
| 2024-10-15 | 0.092 | 0.649170 |
| 2024-09-13 | 0.092 | 0.652943 |
| 2024-08-15 | 0.092 | 0.677239 |
| 2024-07-15 | 0.092 | 0.686652 |
| 2024-06-14 | 0.092 | 0.702274 |
| 2024-05-14 | 0.092 | 0.719958 |
| 2024-04-12 | 0.092 | 0.721515 |
| 2024-03-14 | 0.092 | 0.717259 |
| 2024-02-14 | 0.092 | 0.713084 |
| 2024-01-12 | 0.092 | 0.745987 |
| 2023-12-14 | 0.091 | 0.740017 |
| 2023-11-14 | 0.091 | 0.763451 |
| 2023-10-12 | 0.091 | 0.814682 |
| 2023-09-14 | 0.091 | 0.728202 |
| 2023-08-14 | 0.091 | 0.722100 |
| 2023-07-13 | 0.091 | 0.736018 |
| 2023-06-14 | 0.091 | 0.753812 |
| 2023-05-12 | 0.091 | 0.731959 |
| 2023-04-13 | 0.091 | 0.752337 |
| 2023-03-14 | 0.091 | 0.748410 |
| 2023-02-14 | 0.091 | 0.723978 |
| 2023-01-12 | 0.091 | 0.750287 |
| 2022-12-14 | 0.093 | 0.780403 |
| 2022-11-14 | 0.093 | 0.842655 |
| 2022-10-13 | 0.093 | 0.831173 |
| 2022-09-15 | 0.093 | 0.787539 |
| 2022-08-16 | 0.093 | 0.724487 |
| 2022-07-14 | 0.093 | 0.751674 |
| 2022-06-15 | 0.093 | 0.803167 |
| 2022-05-12 | 0.093 | 0.815469 |
| 2022-04-13 | 0.093 | 0.756314 |
| 2022-03-16 | 0.093 | 0.733030 |
| 2022-02-10 | 0.093 | 0.701408 |
| 2022-01-13 | 0.093 | 0.640561 |
| 2021-12-15 | 0.092 | 0.642146 |
| 2021-11-10 | 0.092 | 0.647130 |
| 2021-10-14 | 0.092 | 0.646195 |
| 2021-09-15 | 0.092 | 0.610488 |
| 2021-08-16 | 0.092 | 0.605616 |
| 2021-07-15 | 0.092 | 0.620798 |
| 2021-06-15 | 0.092 | 0.637305 |
| 2021-05-13 | 0.092 | 0.650757 |
| 2021-04-15 | 0.092 | 0.682759 |
| 2021-03-16 | 0.092 | 0.700670 |
| 2021-02-10 | 0.092 | 0.697431 |
| 2021-01-14 | 0.092 | 0.722974 |
| 2020-12-16 | 0.092 | 0.754136 |
| 2020-11-12 | 0.092 | 0.773331 |
| 2020-10-15 | 0.092 | 0.802463 |
| 2020-09-15 | 0.092 | 0.795469 |
| 2020-08-13 | 0.092 | 0.772563 |
| 2020-07-16 | 0.092 | 0.790499 |
| 2020-06-15 | 0.092 | 0.792815 |
| 2020-05-14 | 0.092 | 0.836966 |
| 2020-04-15 | 0.092 | 0.758131 |
| 2020-03-16 | 0.092 | 0.836178 |
| 2020-02-13 | 0.092 | 0.670993 |
| 2020-01-16 | 0.092 | 0.701420 |
| 2019-12-11 | 0.092 | 0.723707 |
| 2019-11-13 | 0.092 | 0.712209 |
| 2019-10-16 | 0.092 | 0.720902 |
| 2019-09-11 | 0.092 | 0.713837 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.08675802 |
| Address1 | 433 West Van Buren Street |
| Address2 | Suite 1100-D |
| All Time High | 22.84 |
| All Time Low | 12.26 |
| Ask | 14.45 |
| Ask Size | 500 |
| Average Daily Volume10 Day | 60,720 |
| Average Daily Volume3 Month | 58,816 |
| Average Volume | 58,816 |
| Average Volume10Days | 60,720 |
| Bid | 13.85 |
| Bid Size | 700 |
| City | Chicago |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 14.39 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 14.45 |
| Day Low | 14.1229 |
| Display Name | Rivernorth Managed Duration Municipal Income Fund |
| Dividend Date | 1,680,220,800 |
| Dividend Rate | 1.05 |
| Dividend Yield | 7.31 |
| Earnings Timestamp End | 1,741,345,140 |
| Earnings Timestamp Start | 1,741,345,140 |
| Ebitda Margins | 0.0 |
| Eps Trailing Twelve Months | 0.19 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,778,803,200 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 312-832-1461 |
| Fifty Day Average | 14.18544 |
| Fifty Day Average Change | 0.20456028 |
| Fifty Day Average Change Percent | 0.0144204395 |
| Fifty Two Week Change Percent | 8.675802 |
| Fifty Two Week High | 14.88 |
| Fifty Two Week High Change | -0.48999977 |
| Fifty Two Week High Change Percent | -0.03293009 |
| Fifty Two Week Low | 13.06 |
| Fifty Two Week Low Change | 1.3299999 |
| Fifty Two Week Low Change Percent | 0.101837665 |
| Fifty Two Week Range | 13.06 - 14.88 |
| First Trade Date Milliseconds | 1,564,147,800,000 |
| Five Year Avg Dividend Yield | 6.96 |
| Full Exchange Name | NYSE |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.0 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00029 |
| Held Percent Institutions | 0.17142999 |
| Implied Shares Outstanding | 19,739,628 |
| Industry | Asset Management |
| Industry Disp | Asset Management |
| Industry Key | asset-management |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,776,211,200 |
| Last Dividend Value | 0.085 |
| Long Business Summary | Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 26, 2019 and is domiciled in the United States. |
| Long Name | Rivernorth Managed Duration Municipal Income Fund Inc. |
| Market | us_market |
| Market Cap | 284,053,248 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_625581787 |
| Non Diluted Market Cap | 284,053,246 |
| Open | 14.41 |
| Operating Margins | 0.0 |
| Payout Ratio | 5.6853004 |
| Phone | 312-832-1440 |
| Post Market Change | 0.072999954 |
| Post Market Change Percent | 0.5072964 |
| Post Market Price | 14.463 |
| Post Market Time | 1,776,466,681 |
| Previous Close | 14.28 |
| Price Hint | 2 |
| Profit Margins | 0.0 |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.110001 |
| Regular Market Change Percent | 0.770312 |
| Regular Market Day High | 14.45 |
| Regular Market Day Low | 14.1229 |
| Regular Market Day Range | 14.1229 - 14.45 |
| Regular Market Open | 14.41 |
| Regular Market Previous Close | 14.28 |
| Regular Market Price | 14.39 |
| Regular Market Time | 1,776,456,002 |
| Regular Market Volume | 38,804 |
| Sand P52 Week Change | 0.36506534 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 19,739,628 |
| Shares Percent Shares Out | 0.001 |
| Shares Short | 20,700 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 20,608 |
| Short Name | RiverNorth Managed Duration Mun |
| Short Ratio | 0.55 |
| Source Interval | 15 |
| State | IL |
| Symbol | RMM |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.19 |
| Trailing P E | 75.73685 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 13.95265 |
| Two Hundred Day Average Change | 0.43735027 |
| Two Hundred Day Average Change Percent | 0.03134532 |
| Type Disp | Equity |
| Volume | 38,804 |
| Website | https://www.rivernorth.com/closed-end-funds/rmm |
| Zip | 60,607 |