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 decrease in short interest in January. As of January 30th, there was short interest totaling 11,235 shares, a decrease of 28.7% from the January 15th total of 15,752 shares. Based on an average daily volume of 7,849 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 7,849 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of RiverNorth Capital and Income Fund

Several hedge funds have recently modified their holdings of the company. Palatine Hill Wealth Management LLC bought a new stake in RiverNorth Capital and Income Fund during the 4th quarter worth approximately $9,666,000. Nomura Holdings Inc. bought a new position in shares of RiverNorth Capital and Income Fund in the third quarter valued at about $3,680,000. TrueMark Investments LLC acquired a new position in RiverNorth Capital and Income Fund during the 4th quarter worth about $689,000. Jane Street Group LLC bought a new stake in RiverNorth Capital and Income Fund during the 4th quarter worth about $214,000. Finally, Absolute Investment Advisers LLC acquired a new stake in RiverNorth Capital and Income Fund in the 3rd quarter valued at about $193,000.

RiverNorth Capital and Income Fund Stock Down 1.0%

NYSE RSF traded down $0.14 during trading on Monday, reaching $14.38. 8,378 shares of the company traded hands, compared to its average volume of 13,626. The stock’s 50 day moving average price is $14.48 and its two-hundred day moving average price is $14.61. 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 Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 yield of 11.4%. RiverNorth Capital and Income Fund’s payout ratio is 117.33%.

About RiverNorth Capital and Income Fund

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.