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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 3,500 shares, a drop of 64.3% from the October 15th total of 9,800 shares. Based on an average daily trading volume, of 21,900 shares, the short-interest ratio is presently 0.2 days.

RiverNorth Capital and Income Fund Price Performance

NYSE:RSF remained flat at $15.17 during trading hours on Friday. The company’s stock had a trading volume of 5,296 shares, compared to its average volume of 20,620. The company’s 50 day moving average is $15.35 and its 200 day moving average is $15.26. RiverNorth Capital and Income Fund has a 52 week low of $14.90 and a 52 week high of $16.90.

RiverNorth Capital and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.1398 per share. This represents a $1.68 dividend on an annualized basis and a yield of 11.06%. The ex-dividend date of this dividend is Friday, December 13th. RiverNorth Capital and Income Fund’s dividend payout ratio is presently 112.00%.

Institutional Trading of RiverNorth Capital and Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Waverly Advisors LLC acquired a new stake in shares of RiverNorth Capital and Income Fund during the 1st quarter worth approximately $2,501,000. Sea Otter Advisors LLC increased its position in RiverNorth Capital and Income Fund by 140.0% in the 2nd quarter. Sea Otter Advisors LLC now owns 120,000 shares of the company’s stock valued at $1,843,000 after acquiring an additional 70,000 shares during the period. Alpine Global Management LLC acquired a new stake in RiverNorth Capital and Income Fund in the 1st quarter valued at approximately $1,170,000. Landscape Capital Management L.L.C. acquired a new stake in RiverNorth Capital and Income Fund in the 3rd quarter valued at approximately $369,000. Finally, 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 valued at $207,000 after acquiring an additional 3,432 shares during the period.

RiverNorth Capital and Income Fund Company Profile

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.