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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 10,569 shares, a decline of 39.0% from the August 31st total of 17,327 shares. Based on an average daily trading volume, of 9,413 shares, the days-to-cover ratio is currently 1.1 days.

RiverNorth Capital and Income Fund Price Performance

Shares of RSF traded up $0.04 during trading hours on Thursday, hitting $14.37. The company’s stock had a trading volume of 1,717 shares, compared to its average volume of 11,397. The business has a 50 day simple moving average of $14.48 and a two-hundred day simple moving average of $14.56. RiverNorth Capital and Income Fund has a 52-week low of $14.13 and a 52-week high of $15.07.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. CoreCap Advisors LLC bought a new stake in RiverNorth Capital and Income Fund during the 2nd quarter valued at $95,000. Equitable Holdings Inc. bought a new position in shares of RiverNorth Capital and Income Fund in the second quarter worth $379,000. Everstar Asset Management LLC bought a new position in shares of RiverNorth Capital and Income Fund in the first quarter worth $466,000. Finally, Palatine Hill Wealth Management LLC purchased a new position in shares of RiverNorth Capital and Income Fund in the fourth quarter valued at $9,666,000.

About RiverNorth Capital and Income Fund

RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment fund that seeks to provide a high level of current income and, secondarily, capital appreciation. The fund invests in a diversified portfolio of income-producing securities and credit-related assets.

Its portfolio may include public and private credit investments, senior secured loans, corporate debt, structured credit and other securities with income-generating potential. The fund uses a flexible investment approach that allows it to pursue opportunities across different sectors, issuers and levels of the credit market, while seeking to manage credit and interest-rate risk.

RiverNorth Capital and Income Fund is advised by RiverNorth Capital Management, LLC, an investment management firm specializing in income-oriented and alternative strategies.