RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Short Interest Update

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 15,752 shares, a growth of 83.4% from the December 31st total of 8,591 shares. Based on an average daily trading volume, of 13,064 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 13,064 shares, the short-interest ratio is currently 1.2 days.

RiverNorth Capital and Income Fund Price Performance

Shares of RiverNorth Capital and Income Fund stock traded down $0.02 during midday trading on Friday, reaching $14.50. The company had a trading volume of 10,594 shares, compared to its average volume of 10,400. RiverNorth Capital and Income Fund has a fifty-two week low of $14.23 and a fifty-two week high of $16.02. The stock has a fifty day moving average price of $14.49 and a 200 day moving average price of $14.62.

RiverNorth Capital and Income Fund Announces Dividend

The company 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 is Monday, March 16th. This represents a c) annualized dividend and a yield of 11.3%. RiverNorth Capital and Income Fund’s dividend payout ratio is presently 117.33%.

Hedge Funds Weigh In On RiverNorth Capital and Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. Absolute Investment Advisers LLC bought a new stake in RiverNorth Capital and Income Fund in the 3rd quarter worth about $193,000. WFA Asset Management Corp lifted its position 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 buying an additional 1,090 shares during the last quarter. Nomura Holdings Inc. bought a new position in RiverNorth Capital and Income Fund during the third quarter worth about $3,680,000. Advisory Services Network LLC purchased a new position in RiverNorth Capital and Income Fund in the 3rd quarter valued at approximately $35,000. Finally, TrueMark Investments LLC purchased a new position in shares of RiverNorth Capital and Income Fund in the fourth quarter valued at $689,000.

RiverNorth Capital and Income Fund Company Profile

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.