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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSFGet Free Report) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 19,587 shares, a decline of 27.5% from the November 30th total of 27,022 shares. Based on an average trading volume of 23,803 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 23,803 shares, the days-to-cover ratio is currently 0.8 days.

RiverNorth Capital and Income Fund Price Performance

NYSE RSF traded up $0.02 on Wednesday, hitting $14.37. 5,702 shares of the company were exchanged, compared to its average volume of 27,228. RiverNorth Capital and Income Fund has a twelve month low of $14.23 and a twelve month high of $16.02. The company’s 50 day moving average price is $14.54 and its 200-day moving average price is $14.64.

Institutional Trading of RiverNorth Capital and Income Fund

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new position in RiverNorth Capital and Income Fund during the third quarter valued at about $35,000. Absolute Investment Advisers LLC bought a new stake in shares of RiverNorth Capital and Income Fund during the 3rd quarter worth about $193,000. WFA Asset Management Corp increased its holdings in shares of RiverNorth Capital and Income Fund by 54.5% during the 3rd quarter. WFA Asset Management Corp now owns 3,090 shares of the company’s stock valued at $48,000 after acquiring an additional 1,090 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of RiverNorth Capital and Income Fund in the 3rd quarter valued at approximately $3,680,000.

About RiverNorth Capital and Income Fund

(Get Free Report)

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.

Further Reading

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