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 drop in short interest during the month of December. As of December 15th, there was short interest totaling 19,587 shares, a drop of 27.5% from the November 30th total of 27,022 shares. Based on an average daily trading volume, of 23,803 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 23,803 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On RiverNorth Capital and Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Absolute Investment Advisers LLC bought a new stake in shares of RiverNorth Capital and Income Fund in the 3rd quarter valued at $193,000. WFA Asset Management Corp grew its stake in RiverNorth Capital and Income Fund by 54.5% in the third quarter. WFA Asset Management Corp now owns 3,090 shares of the company’s stock valued at $48,000 after acquiring an additional 1,090 shares during the period. Nomura Holdings Inc. acquired a new position in RiverNorth Capital and Income Fund in the third quarter valued at about $3,680,000. Finally, Advisory Services Network LLC bought a new stake in shares of RiverNorth Capital and Income Fund in the third quarter worth about $35,000.

RiverNorth Capital and Income Fund Stock Down 0.1%

Shares of RSF stock opened at $14.43 on Monday. The stock has a 50-day moving average of $14.56 and a 200-day moving average of $14.65. RiverNorth Capital and Income Fund has a one year low of $14.23 and a one year high of $16.02.

RiverNorth Capital and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.1357 dividend. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend is Monday, December 15th. RiverNorth Capital and Income Fund’s dividend payout ratio is presently 108.00%.

RiverNorth Capital and Income Fund Company Profile

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.