Zacks Research Upgrades RiverNorth Capital and Income Fund (NYSE:RSF) to “Hold”

RiverNorth Capital and Income Fund (NYSE:RSF) was upgraded by Zacks Research to a “hold” rating in a report issued on Monday,Zacks.com reports.

RiverNorth Capital and Income Fund Stock Down 0.2%

Shares of RSF stock opened at $14.60 on Monday. RiverNorth Capital and Income Fund has a 1-year low of $14.23 and a 1-year high of $15.07. The company has a 50-day moving average of $14.60 and a two-hundred day moving average of $14.54.

Hedge Funds Weigh In On RiverNorth Capital and Income Fund

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new position in shares of RiverNorth Capital and Income Fund during the third quarter worth $35,000. Equitable Holdings Inc. acquired a new position in RiverNorth Capital and Income Fund during the 4th quarter worth about $167,000. Jane Street Group LLC acquired a new position in RiverNorth Capital and Income Fund during the 4th quarter worth about $214,000. Everstar Asset Management LLC purchased a new position in RiverNorth Capital and Income Fund during the 1st quarter valued at about $466,000. Finally, TrueMark Investments LLC acquired a new position in RiverNorth Capital and Income Fund in the 4th quarter valued at about $689,000.

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.