RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Sees Large Decline in Short Interest

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 205,200 shares, a decrease of 26.5% from the March 31st total of 279,100 shares. Based on an average daily trading volume, of 23,200 shares, the short-interest ratio is currently 8.8 days.

RiverNorth Capital and Income Fund Stock Up 0.5 %

Shares of RSF traded up $0.08 during mid-day trading on Friday, hitting $15.23. The company’s stock had a trading volume of 29,191 shares, compared to its average volume of 20,042. RiverNorth Capital and Income Fund has a 1-year low of $14.81 and a 1-year high of $16.90. The firm has a 50-day simple moving average of $15.76 and a 200 day simple moving average of $15.67.

RiverNorth Capital and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.1398 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 11.02%. The ex-dividend date is Friday, June 14th. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is currently 112.67%.

About RiverNorth Capital and Income Fund

RiverNorth Specialty Finance Corporation’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.