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Video: Compound Annual Growth Rate (CAGR) Definition
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Date |
Open |
High |
Low |
Close |
Volume |
03/22/2024 |
$16.13 |
$16.13 |
$16.02 |
$16.07 |
14.40K | 03/25/2024 |
$16.06 |
$16.06 |
$15.97 |
$16.02 |
16.80K | 03/26/2024 |
$16.09 |
$16.09 |
$15.91 |
$15.98 |
16.30K | 03/27/2024 |
$16.05 |
$16.05 |
$15.97 |
$16.04 |
11.40K | 03/28/2024 |
$16.09 |
$16.10 |
$15.95 |
$16.10 |
23.20K |
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RiverNorth Opportunistic Municipal Income Fund is a diversified, closed-end management investment company. The Fund's investment objective is income exempt from regular U.S. federal income taxes (but which may be includable in taxable income for purposes of the Federal alternative minimum tax). The Fund's secondary investment objective is total return. | |
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Rivernorth Opportunistic Municipal Income Fund IN (RMI) has the following price history information. Looking back at RMI historical stock prices for the last five trading days, on March 22, 2024, RMI opened at $16.13, traded as high as $16.13 and as low as $16.02, and closed at $16.07. Trading volume was a total of 14.40K shares. On March 25, 2024, RMI opened at $16.06, traded as high as $16.06 and as low as $15.97, and closed at $16.02. Trading volume was a total of 16.80K shares. On March 26, 2024, RMI opened at $16.09, traded as high as $16.09 and as low as $15.91, and closed at $15.98. Trading volume was a total of 16.30K shares. On March 27, 2024, RMI opened at $16.05, traded as high as $16.05 and as low as $15.97, and closed at $16.04. Trading volume was a total of 11.40K shares. On March 28, 2024, RMI opened at $16.09, traded as high as $16.10 and as low as $15.95, and closed at $16.10. Trading volume was a total of 23.20K shares.
RMI Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Rivernorth Opportunistic Municipal Income Fund IN shares, starting with a $10,000 purchase of RMI, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
10/29/2018 |
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End date: |
03/28/2024 |
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Start price/share: |
$20.00 |
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End price/share: |
$16.10 |
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Starting shares: |
500.00 |
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Ending shares: |
730.19 |
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Dividends reinvested/share: |
$7.49 |
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Total return: |
17.56% |
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Average Annual Total Return: |
3.03% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$11,754.85 |
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Years: |
5.42 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
10/29/2018 |
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End date: |
03/28/2024 |
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Start price/share: |
$20.00 |
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End price/share: |
$16.10 |
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Dividends collected/share: |
$7.49 |
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Total return: |
17.94% |
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Average Annual Total Return: |
3.09% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$11,791.98 |
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Years: |
5.42 |
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Date |
Close |
03/22/2024 | $16.07 | 03/25/2024 | $16.02 | 03/26/2024 | $15.98 | 03/27/2024 | $16.04 | 03/28/2024 | $16.10 |
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