RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Short Interest Down 56.1% in December

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 8,591 shares, a decrease of 56.1% from the December 15th total of 19,587 shares. Based on an average daily volume of 17,006 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 17,006 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On RiverNorth Capital and Income Fund

A number of hedge funds have recently modified their holdings of the stock. WFA Asset Management Corp lifted its holdings in shares of RiverNorth Capital and Income Fund by 54.5% during the third quarter. WFA Asset Management Corp now owns 3,090 shares of the company’s stock valued at $48,000 after purchasing an additional 1,090 shares during the last quarter. Advisory Services Network LLC acquired a new position in RiverNorth Capital and Income Fund in the 3rd quarter worth approximately $35,000. Absolute Investment Advisers LLC purchased a new position in RiverNorth Capital and Income Fund during the 3rd quarter worth approximately $193,000. TrueMark Investments LLC acquired a new stake in RiverNorth Capital and Income Fund during the 4th quarter valued at $689,000. Finally, Nomura Holdings Inc. acquired a new stake in RiverNorth Capital and Income Fund during the 3rd quarter valued at $3,680,000.

RiverNorth Capital and Income Fund Stock Up 0.1%

Shares of RSF stock traded up $0.02 during mid-day trading on Friday, hitting $14.57. 1,988 shares of the stock traded hands, compared to its average volume of 11,999. 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 simple moving average is $14.48 and its 200-day simple moving average is $14.63.

RiverNorth Capital and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.1371 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 11.3%. RiverNorth Capital and Income Fund’s dividend payout ratio is currently 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.