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

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

RiverNorth Capital and Income Fund Stock Performance

Shares of NYSE RSF traded up $0.11 during mid-day trading on Thursday, reaching $14.66. The company had a trading volume of 6,668 shares, compared to its average volume of 14,963. The company has a 50-day moving average price of $14.47 and a two-hundred day moving average price of $14.56. RiverNorth Capital and Income Fund has a 1-year low of $14.23 and a 1-year high of $16.02.

RiverNorth Capital and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $0.1371 dividend. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is 108.67%.

Institutional Trading of RiverNorth Capital and Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. WFA Asset Management Corp increased its stake in RiverNorth Capital and Income Fund by 54.5% in 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 period. Advisory Services Network LLC acquired a new stake in shares of RiverNorth Capital and Income Fund during the 3rd quarter valued at $35,000. Equitable Holdings Inc. purchased a new position in shares of RiverNorth Capital and Income Fund during the 4th quarter valued at $167,000. Absolute Investment Advisers LLC purchased a new position in shares of RiverNorth Capital and Income Fund during the 3rd quarter valued at $193,000. Finally, Jane Street Group LLC acquired a new position in shares of RiverNorth Capital and Income Fund in the fourth quarter worth $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.