RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Short Interest Up 45.9% in January

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 14,300 shares, an increase of 45.9% from the January 15th total of 9,800 shares. Based on an average daily volume of 21,300 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RSF. Absolute Investment Advisers LLC purchased a new position in shares of RiverNorth Capital and Income Fund in the 4th quarter valued at $189,000. Landscape Capital Management L.L.C. acquired a new stake in RiverNorth Capital and Income Fund during the 3rd quarter valued at approximately $369,000. WFA Asset Management Corp grew its holdings in RiverNorth Capital and Income Fund by 54.5% during the third quarter. WFA Asset Management Corp now owns 3,090 shares of the company’s stock worth $48,000 after acquiring an additional 1,090 shares during the period. Raymond James Financial Inc. purchased a new position in shares of RiverNorth Capital and Income Fund during the 4th quarter valued at approximately $330,000. Finally, Shaker Financial Services LLC acquired a new stake in shares of RiverNorth Capital and Income Fund during the 4th quarter valued at about $911,000.

RiverNorth Capital and Income Fund Stock Up 0.5 %

Shares of RSF stock traded up $0.07 on Friday, hitting $15.36. 12,733 shares of the stock traded hands, compared to its average volume of 22,398. RiverNorth Capital and Income Fund has a 52 week low of $14.90 and a 52 week high of $16.90. The firm has a 50 day simple moving average of $15.24 and a two-hundred day simple moving average of $15.27.

RiverNorth Capital and Income Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a $0.1357 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a dividend yield of 10.77%. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is presently 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.