Short Interest in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Rises By 82.8%

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the recipient of a large increase in short interest during 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 trading volume, of 9,346 shares, the days-to-cover ratio is currently 1.3 days.

RiverNorth Capital and Income Fund Stock Performance

Shares of NYSE RSF traded down $0.04 during midday trading on Thursday, reaching $14.56. 3,539 shares of the stock were exchanged, compared to its average volume of 12,286. RiverNorth Capital and Income Fund has a 52-week low of $14.23 and a 52-week high of $15.07. The stock has a 50 day moving average price of $14.59 and a 200-day moving average price of $14.56.

RiverNorth Capital and Income Fund Announces Dividend

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

Analyst Ratings Changes

Separately, Zacks Research raised RiverNorth Capital and Income Fund to a “hold” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RSF. Advisory Services Network LLC purchased a new position in shares of RiverNorth Capital and Income Fund during the 3rd quarter worth $35,000. CoreCap Advisors LLC purchased a new stake in shares of RiverNorth Capital and Income Fund in the second quarter valued at $95,000. Equitable Holdings Inc. acquired a new position in RiverNorth Capital and Income Fund in the fourth quarter valued at $167,000. Jane Street Group LLC purchased a new position in RiverNorth Capital and Income Fund during the fourth quarter worth about $214,000. Finally, Everstar Asset Management LLC acquired a new stake in RiverNorth Capital and Income Fund in the 1st quarter worth about $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.