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 increase in short interest in the month of July. As of July 15th, there was short interest totaling 11,861 shares, an increase of 82.8% from the June 30th total of 6,490 shares. Based on an average daily volume of 9,346 shares, the short-interest ratio is presently 1.3 days.

RiverNorth Capital and Income Fund Price Performance

RiverNorth Capital and Income Fund stock traded down $0.04 during midday trading on Thursday, reaching $14.56. The company’s stock had a trading volume of 3,539 shares, compared to its average volume of 12,286. RiverNorth Capital and Income Fund has a fifty-two week low of $14.23 and a fifty-two week high of $15.07. The stock’s 50 day simple moving average is $14.59 and its 200 day simple moving average is $14.56.

RiverNorth Capital and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.1371 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 11.3%. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is 118.00%.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded RiverNorth Capital and Income Fund to a “hold” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new stake in shares of RiverNorth Capital and Income Fund during the 3rd quarter valued at approximately $35,000. CoreCap Advisors LLC purchased a new position in RiverNorth Capital and Income Fund during the 2nd quarter valued at about $95,000. Equitable Holdings Inc. purchased a new stake in shares of RiverNorth Capital and Income Fund in the fourth quarter valued at about $167,000. Jane Street Group LLC acquired a new stake in shares of RiverNorth Capital and Income Fund in the fourth quarter valued at approximately $214,000. Finally, Everstar Asset Management LLC acquired a new stake in shares of RiverNorth Capital and Income Fund in the first quarter valued at approximately $466,000.

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.