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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the recipient of a large increase in short interest in 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 trading volume of 21,300 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RSF. WFA Asset Management Corp increased its holdings in shares of 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 purchasing an additional 1,090 shares during the period. Absolute Investment Advisers LLC acquired a new stake in RiverNorth Capital and Income Fund during the fourth quarter worth about $189,000. Quarry LP grew its holdings in RiverNorth Capital and Income Fund by 34.3% during the third quarter. Quarry LP now owns 13,442 shares of the company’s stock worth $207,000 after acquiring an additional 3,432 shares during the period. Raymond James Financial Inc. acquired a new stake in RiverNorth Capital and Income Fund during the fourth quarter worth about $330,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in RiverNorth Capital and Income Fund during the third quarter worth about $369,000.

RiverNorth Capital and Income Fund Trading Up 0.5 %

NYSE:RSF traded up $0.07 during mid-day trading on Friday, hitting $15.36. 12,733 shares of the company’s stock traded hands, compared to its average volume of 22,398. The company has a fifty day moving average of $15.24 and a 200 day moving average of $15.27. RiverNorth Capital and Income Fund has a twelve month low of $14.90 and a twelve month high of $16.90.

RiverNorth Capital and Income Fund Cuts Dividend

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

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.