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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) saw a large decline in short interest during the month of August. As of August 15th, there was short interest totaling 52,800 shares, adeclineof42.1% from the July 31st total of 91,200 shares. Based on an average daily volume of 33,100 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 33,100 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On RiverNorth Capital and Income Fund

A number of institutional investors have recently bought and sold shares of the business. Nomura Holdings Inc. purchased a new position in RiverNorth Capital and Income Fund during the fourth quarter valued at approximately $3,088,000. Raymond James Financial Inc. purchased a new stake in RiverNorth Capital and Income Fund in the 4th quarter worth approximately $330,000. Finally, Tabor Asset Management LP purchased a new position in shares of RiverNorth Capital and Income Fund during the 1st quarter valued at approximately $198,000.

RiverNorth Capital and Income Fund Price Performance

Shares of RSF stock traded up $0.04 on Monday, hitting $14.84. 4,444 shares of the company’s stock traded hands, compared to its average volume of 26,549. The company’s fifty day simple moving average is $14.66 and its 200 day simple moving average is $14.91. RiverNorth Capital and Income Fund has a one year low of $14.37 and a one year high of $16.02.

RiverNorth Capital and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.1357 dividend. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date was Friday, August 15th. RiverNorth Capital and Income Fund’s dividend payout ratio is 109.33%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded RiverNorth Capital and Income Fund from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd.

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.