RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Short Interest Down 28.7% in January

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 11,235 shares, a drop of 28.7% from the January 15th total of 15,752 shares. Based on an average daily trading volume, of 7,849 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily trading volume, of 7,849 shares, the days-to-cover ratio is currently 1.4 days.

RiverNorth Capital and Income Fund Stock Performance

Shares of RSF opened at $14.38 on Friday. The company’s fifty day simple moving average is $14.49 and its 200 day simple moving average 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 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.1371 per share. The ex-dividend date is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 11.4%. RiverNorth Capital and Income Fund’s payout ratio is currently 117.33%.

Institutional Investors Weigh In On RiverNorth Capital and Income Fund

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

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.