RMI blowout
At 15:39:18 on Tues 9.22.20 there was a mega trade for RMI. OK so it was only 12,643 shares its not that big in the scheme of things, but for the puny liquidity of most cefs that was a big trade. No word about it on its own but another Rivernorth cef announced a rights offering today & my guess is that holders of this Rivernorth cef didn't take kindly to the announcement.
It did bounce back right after that trade but its likely to feel the after effects for some time. Rivernorth already had a rights offering ongoing with OPP so why they went for another seems completely mysterious to me.