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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 28,316 shares, an increase of 469.3% from the February 26th total of 4,974 shares. Based on an average daily volume of 22,745 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 22,745 shares, the days-to-cover ratio is presently 1.2 days.

RiverNorth Capital and Income Fund Stock Performance

Shares of NYSE:RSF traded up $0.04 during midday trading on Tuesday, reaching $14.48. 3,207 shares of the company traded hands, compared to its average volume of 15,239. The firm’s fifty day moving average price is $14.47 and its two-hundred day moving average price is $14.56. RiverNorth Capital and Income Fund has a 12 month low of $14.23 and a 12 month high of $16.02.

RiverNorth Capital and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.1371 per share. The ex-dividend date is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 11.4%. RiverNorth Capital and Income Fund’s dividend payout ratio is currently 108.67%.

Institutional Investors Weigh In On RiverNorth Capital and Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of RSF. Advisory Services Network LLC bought a new position in shares of RiverNorth Capital and Income Fund in the third quarter valued at approximately $35,000. WFA Asset Management Corp increased its holdings in 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 worth $48,000 after acquiring an additional 1,090 shares during the period. Equitable Holdings Inc. bought a new stake in RiverNorth Capital and Income Fund during the 4th quarter worth approximately $167,000. Absolute Investment Advisers LLC purchased a new stake in RiverNorth Capital and Income Fund in the 3rd quarter worth approximately $193,000. Finally, Jane Street Group LLC bought a new position in RiverNorth Capital and Income Fund in the 4th quarter valued at $214,000.

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.