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RMMZ
RiverNorth Managed Duration Municipal Income Fund II
RMMZ4
$14.83arrow_drop_up0.10%$0.01
RMMZ
RMMZ4

$14.83

arrow_drop_up0.10%

Performance History

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Key Stats
Open$14.82
Prev. Close$14.82
EPS1.33
Next Earnings Date-
Dividend Yield %-
Market Cap$125.64M
LOWHIGH
Day Range14.75
14.86
52 Week Range12.92
16.49
Ratios
EBITDA Margin %-
EPS1.33

Score Breakdown

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Analyst Forecast

Period: Next 12 Months

Analyst Ratings

About RiverNorth Managed Duration Municipal Income Fund II (RMMZ)

RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) is an investment fund that focuses on municipal income. It is managed by RiverNorth Capital Management, LLC, which has a strong track record in the municipal bond market. The fund's objective is to provide a high level of current income exempt from federal income tax. It seeks to achieve this by investing in a diversified portfolio of municipal bonds with varying maturities. These bonds are issued by state and local governments to finance public projects such as infrastructure development, schools, and hospitals.
RMMZ aims to achieve its investment objective by maintaining a managed duration strategy. Duration is a measure of a bond's price sensitivity to changes in interest rates. By actively managing the fund's duration, the portfolio managers can take advantage of interest rate movements to enhance returns and mitigate risks. This strategy allows RMMZ to navigate through various market conditions and aims to deliver consistent income to its shareholders.
Sector
Industry
CEO
Headquarters
West Palm Beach
Employees
0
Exchange
NYSE
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Frequently Asked Questions

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What is RiverNorth Managed Duration Municipal Income Fund II's (RMMZ) price per share?

The current price per share for RiverNorth Managed Duration Municipal Income Fund II (RMMZ) is $14.84. The stock has seen a price change of $0.02 recently, indicating a 0.1% change. This reflects the stock's recent market performance and investor sentiment.
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What is the 52-week high and low for RiverNorth Managed Duration Municipal Income Fund II (RMMZ)?

For RiverNorth Managed Duration Municipal Income Fund II (RMMZ), the 52-week high is $16.49, which is 11.16% from the current price. The 52-week low is $12.92, the current price is 14.82% above the 52-week low. This gives investors an insight into the stock's volatility and price range over the past year.
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Is RiverNorth Managed Duration Municipal Income Fund II (RMMZ) a growth stock?

RiverNorth Managed Duration Municipal Income Fund II (RMMZ) has shown an average price growth of -5.34% over the past three years. It has received a score of 0 out of 100 based on the Stocklytics formula. The interpretation of this score in terms of classifying RiverNorth Managed Duration Municipal Income Fund II as a growth stock may vary, considering it is one of many factors investors might evaluate, including market trends, financial performance, and future prospects of the company.
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What is RiverNorth Managed Duration Municipal Income Fund II (RMMZ) stock price performance year to date (YTD)?

As of the latest data, RiverNorth Managed Duration Municipal Income Fund II (RMMZ) has a year-to-date price change of -5.69%. Over the past month, the stock has experienced a price change of -5.33%. Over the last three months, the change has been -8.14%. Over the past six months, the figure is -7.11%.
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Is RiverNorth Managed Duration Municipal Income Fund II (RMMZ) a profitable company?

RiverNorth Managed Duration Municipal Income Fund II (RMMZ) has a net income of $11.23M, which represents the company's total earnings after all expenses have been deducted from revenues. The gross margin of indicates the percentage of revenue that exceeds the cost of goods sold, and the operating margin of 0% reflects the percentage of revenue remaining after covering variable production costs, highlighting the efficiency of the company's core operations. Total revenue stands at $11.36M, with a revenue growth rate of 63.22%, providing insight into the company's sales performance and growth. The gross profit is $11.36M. Operating income is noted at -$30.38M. Furthermore, the EBITDA is $0.
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What is the market capitalization of RiverNorth Managed Duration Municipal Income Fund II (RMMZ)?

RiverNorth Managed Duration Municipal Income Fund II (RMMZ) has a market capitalization of $125.64M. The average daily trading volume is 14.83, indicating the stock's liquidity and investor engagement.

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