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RMM
Upturn stock ratingUpturn stock rating

RiverNorth Managed Duration Municipal Income Fund Inc (RMM)

Upturn stock ratingUpturn stock rating
$13.69
Last Close (24-hour delay)
Profit since last BUY-2.56%
upturn advisory
WEAK BUY
BUY since 23 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
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Upturn Advisory Summary

08/14/2025: RMM (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

0 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

Analysis of Past Performance

Type Stock
Historic Profit -11.03%
Avg. Invested days 45
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 263.72M USD
Price to earnings Ratio 16.91
1Y Target Price -
Price to earnings Ratio 16.91
1Y Target Price -
Volume (30-day avg) -
Beta -
52 Weeks Range 12.30 - 15.59
Updated Date 06/30/2025
52 Weeks Range 12.30 - 15.59
Updated Date 06/30/2025
Dividends yield (FY) 8.13%
Basic EPS (TTM) 0.79

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

Return on Assets (TTM) -
Return on Equity (TTM) -1666.11%

Valuation

Trailing PE 16.91
Forward PE -
Enterprise Value -
Price to Sales(TTM) 14.06
Enterprise Value -
Price to Sales(TTM) 14.06
Enterprise Value to Revenue 25.23
Enterprise Value to EBITDA -
Shares Outstanding 19739600
Shares Floating -
Shares Outstanding 19739600
Shares Floating -
Percent Insiders 0.39
Percent Institutions 18.63

ai summary icon Upturn AI SWOT

RiverNorth Managed Duration Municipal Income Fund Inc

stock logo

Company Overview

overview logo History and Background

RiverNorth Managed Duration Municipal Income Fund Inc. (RMM) is a closed-end fund focused on providing high current income exempt from federal income tax, with a secondary objective of capital appreciation. Specific founding year and early milestones are difficult to definitively pinpoint, but it evolved from a need for tax-advantaged income opportunities.

business area logo Core Business Areas

  • Municipal Bond Investments: Primarily invests in a portfolio of municipal bonds, focusing on those with shorter maturities and higher yields. Aims to manage duration risk effectively.
  • Tactical Allocation: Employs a tactical asset allocation strategy, adjusting portfolio composition based on market conditions and interest rate expectations.

leadership logo Leadership and Structure

RiverNorth Capital Management serves as the investment advisor. Specific details on individual leaders are readily available on their corporate website.

Top Products and Market Share

overview logo Key Offerings

  • Managed Duration Municipal Income Fund (RMM): A closed-end fund investing primarily in municipal bonds, aiming for high current income. Market share data is difficult to precisely calculate due to the fragmented nature of the municipal bond market and the wide range of investment options available to investors. Competitors include other municipal bond funds from firms such as BlackRock, Nuveen, and Eaton Vance.

Market Dynamics

industry overview logo Industry Overview

The municipal bond market is influenced by interest rates, credit ratings, and economic conditions. Demand for tax-exempt income typically rises during periods of higher tax rates and economic uncertainty.

Positioning

RMM positions itself as a fund that actively manages duration risk within the municipal bond space, aiming to provide a more stable income stream than funds with longer durations. Its competitive advantage lies in active management and tactical allocation.

Total Addressable Market (TAM)

The total US municipal bond market is estimated to be in the trillions of dollars. RiverNorth Managed Duration Municipal Income Fund Inc. occupies a small fraction of the overall TAM, focusing on a specific niche of actively managed, shorter-duration municipal bonds. TAM is constantly in flux based on overall government debt.

Upturn SWOT Analysis

Strengths

  • Active management expertise
  • Focus on shorter duration municipal bonds
  • Tax-exempt income generation
  • Experienced investment advisor (RiverNorth Capital Management)

Weaknesses

  • Closed-end fund structure can lead to trading at a discount to NAV
  • Dependence on the expertise of the investment advisor
  • Potential for increased expenses due to active management
  • Concentration in municipal bonds limits diversification

Opportunities

  • Rising interest rate environment could benefit shorter duration strategies
  • Increased demand for tax-exempt income
  • Expansion of the municipal bond market
  • Potential to attract investors seeking active management

Threats

  • Interest rate risk (although mitigated by shorter duration)
  • Credit risk of municipal bonds
  • Changes in tax laws could reduce demand for tax-exempt income
  • Competition from other municipal bond funds and investment strategies

Competitors and Market Share

competitor logo Key Competitors

  • MUB
  • HYMB
  • VTEB

Competitive Landscape

RMM competes with other actively managed and passively managed municipal bond funds. Its shorter duration focus differentiates it from funds with longer durations. Its active management aims to outperform passive index funds.

Growth Trajectory and Initiatives

Historical Growth: Growth depends on the fund's ability to generate income and capital appreciation within the municipal bond market. Historical performance can be reviewed in the fund's reports.

Future Projections: Future growth is subject to market conditions and the fund's investment strategy. Analyst estimates are not readily available for individual closed-end funds.

Recent Initiatives: Recent initiatives likely focus on optimizing the portfolio's duration and credit quality in response to changing market conditions. Details can be found in the fund's reports.

Summary

RiverNorth Managed Duration Municipal Income Fund Inc. (RMM) offers tax-exempt income through actively managed, shorter-duration municipal bonds. The fund's strength lies in its active management and focus on controlling duration risk. Potential weaknesses include its closed-end structure and reliance on the advisor's expertise. RMM should monitor changes in tax laws and interest rates to maintain competitiveness.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • RiverNorth Capital Management website
  • Fund Fact Sheets
  • Financial News Providers (e.g., Bloomberg, Reuters)

Disclaimers:

This analysis is for informational purposes only and should not be considered investment advice. Market conditions and fund performance are subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About RiverNorth Managed Duration Municipal Income Fund Inc

Exchange NYSE
Headquaters Chicago, IL, United States
IPO Launch date 2019-07-26
CEO -
Sector Financial Services
Industry Asset Management
Full time employees -
Full time employees -

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.