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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 10,569 shares, a decline of 39.0% from the August 31st total of 17,327 shares. Based on an average daily trading volume, of 9,413 shares, the short-interest ratio is presently 1.1 days.

Analyst Ratings Changes

Separately, Zacks Research raised RiverNorth Capital and Income Fund to a “hold” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

RiverNorth Capital and Income Fund Trading Up 0.3%

Shares of NYSE RSF traded up $0.04 during mid-day trading on Thursday, reaching $14.37. 1,717 shares of the company’s stock were exchanged, compared to its average volume of 11,397. The firm has a 50-day moving average price of $14.48 and a two-hundred day moving average price of $14.56. RiverNorth Capital and Income Fund has a 52 week low of $14.13 and a 52 week high of $15.07.

Institutional Trading of RiverNorth Capital and Income Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Palatine Hill Wealth Management LLC bought a new position in shares of RiverNorth Capital and Income Fund during the 4th quarter valued at approximately $9,666,000. Everstar Asset Management LLC bought a new stake in shares of RiverNorth Capital and Income Fund in the 1st quarter worth approximately $466,000. Equitable Holdings Inc. bought a new stake in shares of RiverNorth Capital and Income Fund in the 2nd quarter worth approximately $379,000. Finally, CoreCap Advisors LLC purchased a new position in RiverNorth Capital and Income Fund in the second quarter valued at approximately $95,000.

RiverNorth Capital and Income Fund Company Profile

RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment fund that seeks to provide a high level of current income and, secondarily, capital appreciation. The fund invests in a diversified portfolio of income-producing securities and credit-related assets.

Its portfolio may include public and private credit investments, senior secured loans, corporate debt, structured credit and other securities with income-generating potential. The fund uses a flexible investment approach that allows it to pursue opportunities across different sectors, issuers and levels of the credit market, while seeking to manage credit and interest-rate risk.

RiverNorth Capital and Income Fund is advised by RiverNorth Capital Management, LLC, an investment management firm specializing in income-oriented and alternative strategies.