Short Interest in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Rises By 104.2%

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 57,824 shares, an increase of 104.2% from the March 15th total of 28,316 shares. Based on an average trading volume of 15,726 shares, the days-to-cover ratio is presently 3.7 days.

RiverNorth Capital and Income Fund Trading Up 0.1%

Shares of NYSE RSF traded up $0.02 during trading on Tuesday, reaching $14.69. The stock had a trading volume of 18,917 shares, compared to its average volume of 14,286. RiverNorth Capital and Income Fund has a fifty-two week low of $14.23 and a fifty-two week high of $15.36. The business’s 50-day moving average price is $14.50 and its 200-day moving average price is $14.55.

RiverNorth Capital and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.1371 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. RiverNorth Capital and Income Fund’s payout ratio is presently 108.67%.

Institutional Investors Weigh In On RiverNorth Capital and Income Fund

A number of institutional investors have recently modified their holdings of RSF. Absolute Investment Advisers LLC acquired a new stake in shares of RiverNorth Capital and Income Fund in the third quarter valued at $193,000. WFA Asset Management Corp grew its stake in shares of RiverNorth Capital and Income Fund by 54.5% in the third 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 in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of RiverNorth Capital and Income Fund in the third quarter valued at $3,680,000. Advisory Services Network LLC acquired a new stake in shares of RiverNorth Capital and Income Fund in the third quarter valued at $35,000. Finally, TrueMark Investments LLC acquired a new stake in shares of RiverNorth Capital and Income Fund in the fourth quarter valued at $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.