Short Interest in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Decreases By 59.8%

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 4,974 shares, a drop of 59.8% from the February 12th total of 12,373 shares. Based on an average daily volume of 8,435 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 8,435 shares, the days-to-cover ratio is currently 0.6 days.

RiverNorth Capital and Income Fund Price Performance

Shares of NYSE:RSF opened at $14.36 on Wednesday. RiverNorth Capital and Income Fund has a 1-year low of $14.23 and a 1-year high of $16.02. The business has a 50-day moving average price of $14.45 and a two-hundred day moving average price of $14.57.

RiverNorth Capital and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a dividend of $0.1371 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Monday, March 16th. RiverNorth Capital and Income Fund’s payout ratio is 108.67%.

Hedge Funds Weigh In On RiverNorth Capital and Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of RSF. Equitable Holdings Inc. acquired a new stake in RiverNorth Capital and Income Fund during the 4th quarter worth $167,000. Osaic Holdings Inc. raised its position in shares of RiverNorth Capital and Income Fund by 15.9% during the 4th quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock valued at $2,574,000 after acquiring an additional 24,600 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of RiverNorth Capital and Income Fund in the 4th quarter valued at $214,000. Palatine Hill Wealth Management LLC bought a new position in shares of RiverNorth Capital and Income Fund in the 4th quarter worth $9,666,000. Finally, TrueMark Investments LLC bought a new position in shares of RiverNorth Capital and Income Fund in the 4th quarter worth $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.