Rivernorth Managed Duration Etf Profile
| RMMZ Etf | USD 16.15 0.09 0.55% |
Performance9 of 100
| Odds Of DistressLess than 9
|
RiverNorth Managed is trading at 16.15 as of the 23rd of September 2024; that is 0.55% down since the beginning of the trading day. The etf's open price was 16.24. RiverNorth Managed has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for RiverNorth Managed Duration are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of August 2024 and ending today, the 23rd of September 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 11th of February 2022 | Classification Financials |
RiverNorth Managed is entity of United States. It is traded as Etf on NYSE exchange. The company has 8.46 M outstanding shares of which 10.47 K shares are at this time shorted by private and institutional investors with about 0.58 trading days to cover. More on RiverNorth Managed Duration
Moving against RiverNorth Etf
RiverNorth Etf Highlights
| Business Concentration | Asset Management & Custody Banks, Financial Services, Financials, Financials, Capital Markets, Financial Services, Financials (View all Sectors) |
| Average Analyst Recommendation Analysts covering RiverNorth Managed report their recommendations after researching RiverNorth Managed's financial statements, talking to executives and customers, or listening in on RiverNorth Managed's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering RiverNorth Managed. The RiverNorth consensus assessment is calculated by taking the average forecast from all of the analysts covering RiverNorth Managed. | |
| Date | 30th of June 2024 |
| Other Current Liab | (1.5 Million) |
| Total Current Liabilities | 1.5 Million |
| Total Stockholder Equity | 147.11 Million |
| Name | RiverNorth Managed Duration Municipal Income Fund II Inc. |
| Currency Code | USD |
| Fiscal Year End | June |
| Net Debt | 92.97 Million |
| Enterprise Value Value Revenue | 20.2734 |
| Accounts Payable | 1.5 Million |
| Non Current Assets Total | 236.77 Million |
| Non Currrent Assets Other | (236.77 Million) |
| Other Assets | 2.17 Million |
| C I K | 1.87 Million |
| Trailing Price Earnings | 12.2105 |
| 50 Day M A | 15.9881 |
| Code | RMMZ |
| Net Receivables | 2.93 Million |
| Most Recent Quarter | 30th of June 2024 |
| Common Stock Shares Outstanding | 8.46 Million |
| Liabilities And Stockholders Equity | 241.88 Million |
| Non Current Liabilities Total | 92.97 Million |
| Country Name | USA |
| Payout Ratio | 1.4729 |
| Open Figi | BBG0149BQ6Q6 |
| Dividend Yield | 0.0822 |
| Short Percent Float | 0.0012 |
| Short Percent | 0.0012 |
| Net Invested Capital | 240.09 Million |
| Long Term Investments | 236.77 Million |
| 200 Day M A | 15.8546 |
RiverNorth Managed Duration [RMMZ] is traded in USA and was established null. RiverNorth Managed is listed under Asset Management & Custody Banks category by Fama And French industry classification. The fund is listed under Financials category and is part of Capital Markets family. RiverNorth Managed at this time have 241.88 M in assets. with the current yeild of 0.08%.
Check RiverNorth Managed Probability Of Bankruptcy
RiverNorth Managed Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in RiverNorth Managed. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0532 | |||
| Jensen Alpha | 0.0078 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.18) |
RiverNorth Managed Against Markets
Other Information on Investing in RiverNorth Etf
RiverNorth Managed financial ratios help investors to determine whether RiverNorth Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in RiverNorth with respect to the benefits of owning RiverNorth Managed security.