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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) saw a significant increase in short interest in the month of 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 daily volume of 21,300 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On RiverNorth Capital and Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSF. Shaker Financial Services LLC bought a new position in RiverNorth Capital and Income Fund in the 4th quarter worth about $911,000. Landscape Capital Management L.L.C. acquired a new stake in RiverNorth Capital and Income Fund during the third quarter valued at $369,000. Raymond James Financial Inc. acquired a new stake in shares of RiverNorth Capital and Income Fund in the fourth quarter valued at about $330,000. Quarry LP boosted its position 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 last quarter. Finally, Absolute Investment Advisers LLC purchased a new position in RiverNorth Capital and Income Fund during the fourth quarter worth about $189,000.

RiverNorth Capital and Income Fund Price Performance

RSF stock traded up $0.07 during trading on Friday, reaching $15.36. The company had a trading volume of 12,733 shares, compared to its average volume of 22,398. RiverNorth Capital and Income Fund has a 52 week low of $14.90 and a 52 week high of $16.90. The business has a 50 day moving average of $15.24 and a 200 day moving average of $15.27.

RiverNorth Capital and Income Fund Cuts Dividend

The company also recently declared 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 dividend yield of 10.77%. The ex-dividend date was Wednesday, January 15th. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) 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.