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

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

RiverNorth Capital and Income Fund Stock Performance

Shares of NYSE:RSF traded up $0.07 during midday trading on Friday, reaching $15.36. The company’s stock had a trading volume of 12,733 shares, compared to its average volume of 22,398. RiverNorth Capital and Income Fund has a fifty-two week low of $14.90 and a fifty-two week high of $16.90. The business’s fifty day simple moving average is $15.24 and its 200-day simple moving average is $15.27.

RiverNorth Capital and Income Fund Cuts Dividend

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

Institutional Trading of RiverNorth Capital and Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted 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 buying an additional 1,090 shares during the last quarter. Quarry LP lifted its holdings in shares of RiverNorth Capital and Income Fund by 34.3% during the 3rd quarter. Quarry LP now owns 13,442 shares of the company’s stock valued at $207,000 after purchasing an additional 3,432 shares in the last quarter. Absolute Investment Advisers LLC bought a new position in shares of RiverNorth Capital and Income Fund during the 4th quarter valued at about $189,000. Raymond James Financial Inc. bought a new position in shares of RiverNorth Capital and Income Fund during the 4th quarter valued at about $330,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of RiverNorth Capital and Income Fund during the 3rd quarter valued at about $369,000.

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.