RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Sees Significant Growth in Short Interest

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the recipient of a significant increase in short interest in 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 days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSF. Absolute Investment Advisers LLC bought a new position in shares of RiverNorth Capital and Income Fund in the fourth quarter worth approximately $189,000. Quarry LP increased its position in shares of RiverNorth Capital and Income Fund by 34.3% in the third 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. Raymond James Financial Inc. bought a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter valued at about $330,000. Shaker Financial Services LLC bought a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter valued at about $911,000. Finally, Nomura Holdings Inc. bought a new stake in shares of RiverNorth Capital and Income Fund in the fourth quarter worth about $3,088,000.

RiverNorth Capital and Income Fund Trading Up 0.1 %

Shares of RSF stock traded up $0.02 on Monday, reaching $15.21. The company’s stock had a trading volume of 24,984 shares, compared to its average volume of 21,827. RiverNorth Capital and Income Fund has a 12-month low of $14.86 and a 12-month high of $16.90. The stock’s 50 day simple moving average is $15.18 and its 200-day simple moving average is $15.27.

RiverNorth Capital and Income Fund Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a dividend of $0.1357 per share. This represents a dividend yield of 10.77%. The ex-dividend date was Wednesday, January 15th. RiverNorth Capital and Income Fund’s 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.