RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Short Interest Update

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 21,400 shares, an increase of 35.4% from the February 28th total of 15,800 shares. Based on an average daily volume of 22,400 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On RiverNorth Capital and Income Fund

Hedge funds have recently bought and sold shares of the company. Absolute Investment Advisers LLC bought a new position in shares of RiverNorth Capital and Income Fund in the fourth quarter worth about $189,000. Quarry LP increased its position in RiverNorth Capital and Income Fund by 34.3% in the 3rd quarter. Quarry LP now owns 13,442 shares of the company’s stock worth $207,000 after buying an additional 3,432 shares during the period. Raymond James Financial Inc. bought a new position in RiverNorth Capital and Income Fund in the 4th quarter worth approximately $330,000. Shaker Financial Services LLC acquired a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter worth approximately $911,000. Finally, Nomura Holdings Inc. bought a new stake in shares of RiverNorth Capital and Income Fund in the fourth quarter valued at approximately $3,088,000.

RiverNorth Capital and Income Fund Trading Up 1.0 %

Shares of NYSE:RSF traded up $0.15 during trading on Tuesday, reaching $15.35. The stock had a trading volume of 14,511 shares, compared to its average volume of 22,042. The stock has a fifty day simple moving average of $15.18 and a two-hundred day simple moving average of $15.27. RiverNorth Capital and Income Fund has a 52 week low of $14.86 and a 52 week high of $16.90.

RiverNorth Capital and Income Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a dividend of $0.1357 per share. This represents a yield of 10.77%. The ex-dividend date was Wednesday, January 15th. RiverNorth Capital and Income Fund’s dividend payout ratio is 110.67%.

About RiverNorth Capital and Income Fund

RiverNorth Specialty Finance Corporation’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.