RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Short Interest Up 469.3% in March

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 28,316 shares, an increase of 469.3% from the February 26th total of 4,974 shares. Based on an average daily trading volume, of 22,745 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 22,745 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in shares of RiverNorth Capital and Income Fund during the 3rd quarter worth $35,000. WFA Asset Management Corp boosted its holdings in shares of RiverNorth Capital and Income Fund by 54.5% in the 3rd quarter. WFA Asset Management Corp now owns 3,090 shares of the company’s stock worth $48,000 after buying an additional 1,090 shares during the last quarter. Equitable Holdings Inc. bought a new position in RiverNorth Capital and Income Fund during the fourth quarter valued at about $167,000. Absolute Investment Advisers LLC purchased a new stake in RiverNorth Capital and Income Fund during the third quarter worth about $193,000. Finally, Jane Street Group LLC purchased a new stake in RiverNorth Capital and Income Fund during the fourth quarter worth about $214,000.

RiverNorth Capital and Income Fund Price Performance

Shares of NYSE RSF traded up $0.04 during midday trading on Tuesday, reaching $14.48. The company’s stock had a trading volume of 3,207 shares, compared to its average volume of 15,239. The firm has a 50 day moving average price of $14.47 and a 200-day moving average price of $14.56. RiverNorth Capital and Income Fund has a 12-month low of $14.23 and a 12-month high of $16.02.

RiverNorth Capital and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.1371 per share. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Monday, March 16th. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is 108.67%.

About RiverNorth Capital and Income Fund

RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment company managed by RiverNorth Capital Management, LLC. The fund seeks to provide shareholders with a combination of current income and capital appreciation by employing a flexible, unconstrained fixed-income strategy. RSF invests across a broad spectrum of debt and convertible securities, aiming to capitalize on relative value opportunities in both interest-rate and credit markets.

The fund’s portfolio typically includes high-yield corporate bonds, bank loans, convertible securities, preferred stocks and other debt instruments.