RiverNorth Flexible Municipal Income Fund II (RFMZ)

• Market cap: $325M
• 1 day: -0.45%
• 5 days: -4.16%
• 1 month: -4.30%
• 3 months: -8.50%
• 6 months: -6.18%
• Year to date: 1.21%
• 1 year: 0.68%
• 5 years: -33.32%
• 10 years: -33.32%

About: RiverNorth Flex Muni Income Fund II Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

50% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 12

1.68% less ownership

Funds ownership: 22.43% [Q2] → 20.75% (-1.68%) [Q3]

5% less capital invested

Capital invested by funds: $77.2M [Q2] → $73.3M (-$3.97M) [Q3]

11% less funds holding

Funds holding: 46 [Q2] → 41 (-5) [Q3]

71% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 7