RNMN RiverNorth Market Neutral ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

RNMN — —
Key stats
About

RiverNorth Market Neutral ETF (RNMN) ETF

No description available.

Exchange
BATS
Inception
2022-07-11
Has Options
No
Fund profile
holdings as of Jun 30, 2026SEC filingthrough Jun 2026flows, SEC filings
Expense ratio
0.89%
prospectus, filed Apr 30, 2026
Assets
$7.1M
SEC filing, Jun 30, 2026
Trailing yield
—
Average daily volume
$4K
30 sessions
Holdings
191
top 10 are 20.7%
Listed
Jul 11, 2022
Cboe BZX
Last fee change
-1 bp
filed Apr 30, 2026
Closure risk, 12 months
22%
elevated: trading volume, size of the sponsor's line-up · model
FrenzyCap ETF score
35
how it is built
Cost53
Liquidity0
Scale0
Diversification83

Stated objective. The RiverNorth Enhanced Pre-Merger SPAC ETF (the Fund) seeks to preserve capital and provide incremental total return. (from the fund's prospectus)

All 191 holdingsFlow historyOverlap toolAll Long/Short & Market Neutral ETFs

Fund flows
through Jun 2026SEC filings
Jun 2026
+$777K
latest reported month
Latest 3 months
+$1.0M
+14.5% of assets
Latest 12 months
+$2.1M
+28.9% of assets
Jul 2025: −$276K−$276KAug 2025: $0AugSep 2025: $0Oct 2025: $0OctNov 2025: +$287KDec 2025: −$6DecJan 2026: +$765KFeb 2026: $0FebMar 2026: +$255KApr 2026: +$257KAprMay 2026: $0Jun 2026: +$777K+$777KJun
View as a table
Net flows of RNMN by month, Jul 2025 to Jun 2026
MonthNet flow
Jun 2026+$777K
May 2026$0
Apr 2026+$257K
Mar 2026+$255K
Feb 2026$0
Jan 2026+$765K
Dec 2025−$6
Nov 2025+$287K
Oct 2025$0
Sep 2025$0
Aug 2025$0
Jul 2025−$276K

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 15 months ago

Similar funds
FundOverlapFeeAssets1Y
FTLSFirst Trust Long/Short Equity ETF—1.38%$2.6B+11.4%compare
QAINYLIM Hedge Multi-Strategy Tracker ETF—0.88%$1.0B+7.0%compare
CLSEConvergence Long/Short Equity ETF—1.52%$997M+33.2%compare
ORRMilitia Long/Short Equity ETF——$348M+22.6%compare
BTALAGF U.S. Market Neutral Anti-Beta Fund—1.40%$313M−21.8%compare

The largest other funds in the Long/Short & Market Neutral category.

Look-through: what the holdings say
weights as of Jun 30, 2026SEC filing
Insider buying
2%
of weight had net insider buying, 90 days; 0% net selling
Reporting earnings
0.0%
of weight in 7 days; 0.0% in 14

Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.

What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026
ActionHoldingWeight beforeWeight afterShares vs flows
ExitLEGTLegato Merger Corp III3.32%——
ExitGPATGP-Act III Acquisition Corp2.90%——
ExitSUMAUSUMA Acquisition Corp2.51%——
ExitLEGO.ULegato Merger Corp IV2.50%——
New positionLEGOLegato Merger Corp IV—2.00%—
New positionSUMASUMA Acquisition Corp—1.99%—
ExitGIXXUGigCapital9 Corp1.93%——
ExitMLAAUMountain Lake Acquisition Corp1.90%——
New positionFWACUFuturewave Acquisition Corp—1.82%—
ExitBHAVUBHAV Acquisition Corp1.66%——

32 new, 23 exited, 0 increased and 2 decreased between the fund's two latest holdings reports; turnover 48.4%. Full holdings and history

Under the hood
fiscal year to Dec 31, 2025SEC census
Authorized participants
3 active
of 3 with agreements; top 3 did 100%
Created · redeemed
$573K · $562K
over the fiscal year
Redemptions in kind
1%
creations -0% in kind
Creation unit
10,000
shares
Securities lending
not authorized
Diversification status
Non-diversified
may concentrate in fewer issuers

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-12-31
Holdings
178
AUM
$6.0M
Provider
Nport
Inception
2022-07-11
Exchange
BATS
Data As Of
2026-12-31
Expense Ratio
0.89%
Dividend Yield
—
Distribution
—
Asset Allocation
Top Holdings
top 50 of 178 holdings
Symbol Name Weight % Asset Class Country
LEGT Legato Merger Corp III 3.32% Equity (common) KY
TONT Graf Global Corp 3.22% Equity (common) KY
GPAT GP-Act III Acquisition Corp 2.90% Equity (common) KY
SOCA Solarius Capital Acquisition C 2.58% Equity (common) KY
SUMAU SUMA Acquisition Corp 2.51% Equity (common) KY
LEGO.U Legato Merger Corp IV 2.50% Equity (common) KY
BIXI Bitcoin Infrastructure Acquisi 2.48% Equity (common) KY
AEAQ Activate Energy Acquisition Co 2.47% Equity (common) KY
ZKP Lafayette Digital Acquisition 2.47% Equity (common) KY
SCII SC II Acquisition Corp 2.46% Equity (common) KY
UAC United Acquisition Corp I 2.45% Equity (common) KY
EVAC EQV Ventures Acquisition Corp 2.43% Equity (common) KY
IGAC Invest Green Acquisition Corp 2.37% Equity (common) KY
HCAC Hall Chadwick Acquisition Corp 2.36% Equity (common) KY
— STATE STREET INSTITUTIONAL US 2.32% Short-term investment US
GIXXU GigCapital9 Corp 1.93% Equity (common) KY
MLAAU Mountain Lake Acquisition Corp 1.90% Equity (common) KY
FMACU Future Money Acquisition Corp 1.66% Equity (common) KY
BHAVU BHAV Acquisition Corp 1.66% Equity (common) KY
XCBEU X3 Acquisition Corp Ltd 1.66% Equity (common) KY
BWIV.U Blue Water Acquisition Corp IV 1.65% Equity (common) KY
RDAC Rising Dragon Acquisition Corp 1.65% Equity (common) KY
SPEG Silver Pegasus Acquisition Cor 1.61% Equity (common) KY
APADR A Paradise Acquisition Corp 1.61% Equity (common) VG
SVIIW Spring Valley Acquisition Corp 1.61% Equity (common) KY
QUMS Quantumsphere Acquisition Corp 1.61% Equity (common) KY
BCAR D Boral ARC Acquisition I Corp 1.61% Equity (common) VG
ALF Centurion Acquisition Corp 1.60% Equity (common) KY
LPBB Launch Two Acquisition Corp 1.60% Equity (common) KY
MBVI M3-Brigade Acquisition VI Corp 1.60% Equity (common) KY
KOYN CSLM Digital Asset Acquisition 1.59% Equity (common) KY
ALDF Aldel Financial II Inc 1.59% Equity (common) KY
RNGT Range Capital Acquisition Corp 1.59% Equity (common) KY
ALUB Alussa Energy Acquisition Corp 1.58% Equity (common) KY
GIW GigCapital8 Corp 1.58% Equity (common) KY
FACT Fact II Acquisition Corp 1.58% Equity (common) KY
APAC StoneBridge Acquisition II Cor 1.58% Equity (common) KY
VACI Viking Acquisition Corp I 1.57% Equity (common) KY
SAAQU Space Asset Acquisition Corp 1.56% Equity (common) KY
HVII Hennessy Capital Investment Co 1.56% Equity (common) KY
MACI Melar Acquisition Corp I 1.43% Equity (common) KY
CUB Lionheart Holdings 1.35% Equity (common) KY
NOEM CO2 Energy Transition Corp 1.34% Equity (common) US
PLMK Plum Acquisition Corp IV 1.30% Equity (common) KY
HCMA HCM III Acquisition Corp 1.12% Equity (common) KY
DSACU Daedalus Special Acquisition C 0.84% Equity (common) KY
LPAA Launch One Acquisition Corp 0.81% Equity (common) KY
SIMA SIM Acquisition Corp I 0.81% Equity (common) KY
JACS Jackson Acquisition Co II 0.80% Equity (common) KY
CHAR Charlton Aria Acquisition Corp 0.80% Equity (common) KY
Geographic Breakdown
Non-Equity Breakdown
Rivernorth Enhanced Pre-Merger SPAC ETF · NPORT-P period 2026-06-30 (filed 2026-08-27)
Net assets: $7M · 191 total positions · equity 83.01% · non-equity 17.03%
Non-equity holdings — 73 positions, 17.03% of NAV
Category Weight Value Positions
Short-term investment 15.69% $1.1M 1
Derivative (equity) 1.34% $95543 72
Chart
Seasonality
Month'26Avg
Jan----
Feb----
Mar----
Apr----
May----
Jun----
Jul-0.06%-0.06%
Aug0.23%0.23%
Sep-0.03%-0.03%
Oct-0.17%*-0.17%
Nov----
Dec----
Total-0.03%-0.03%
* Only 1 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $26.02
SMA 50: $26.05
SMA 200: —
Current: $26.04
EMA 12: $26.02
EMA 26: $26.03
MACD: -0.0108 | Signal: 0.0048
BEARISH
ADX (14): 13.12
RANGE
+DI: 42.25
−DI: 56.35

Momentum Oscillators

RSI (14): 50.67
NEUTRAL
Stoch %K: 80.46
Stoch %D: 66.61
Williams %R: -19.82

Volume & Volatility

BB Upper: $26.17
BB Lower: $25.88
NEUTRAL
OBV: 18,171
Vol SMA 20: 240
Vol ROC: -45.45%
ATR: $0.06
True Range: $0.00
HV 20: 4.4%
HV 30: 4.4%
HV 60: 3.4%

Data Summary

Data Points: 66
Last Updated:
Date Range: 2026-07-09T00:00:00 – 2026-10-09T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

RNMN Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: -0.0488
Alpha: 0.30%
Correlation: -0.1556
R-Squared: 2.4%
Stock Volatility: 3.4%
Market Volatility: 10.9%

Analysis Details

Benchmark: SPY
Data Points: 65
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Beta & Alpha Over Time

RNMN Institutional Ownership (13F)

Latest filings — 2026-06-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

3 filers44,771 shares$1.17M value
# Filer Shares Value % of Total % of Float Period
1 Crescent Grove Advisors, LLC 27,855 $726.18K 62.22% — 2026-06-30
2 GTS SECURITIES LLC 16,816 $438.39K 37.56% — 2026-06-30
3 JPMorgan Chase & Co Custodian 100 $2.60K 0.22% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month