Short Interest in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Declines By 28.7%

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 11,235 shares, a decline of 28.7% from the January 15th total of 15,752 shares. Based on an average daily volume of 7,849 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 7,849 shares, the days-to-cover ratio is presently 1.4 days.

RiverNorth Capital and Income Fund Trading Down 1.0%

Shares of RSF traded down $0.14 during midday trading on Friday, hitting $14.38. 8,378 shares of the company traded hands, compared to its average volume of 13,626. The stock has a 50-day moving average of $14.49 and a 200-day moving average of $14.61. 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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.1371 dividend. The ex-dividend date is Monday, March 16th. This represents a c) annualized dividend and a yield of 11.4%. RiverNorth Capital and Income Fund’s dividend payout ratio is currently 117.33%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Palatine Hill Wealth Management LLC bought a new stake in RiverNorth Capital and Income Fund during the fourth quarter valued at $9,666,000. Nomura Holdings Inc. purchased a new stake in shares of RiverNorth Capital and Income Fund in the 3rd quarter valued at about $3,680,000. TrueMark Investments LLC bought a new stake in shares of RiverNorth Capital and Income Fund during the 4th quarter valued at about $689,000. Jane Street Group LLC purchased a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter worth about $214,000. Finally, Absolute Investment Advisers LLC bought a new position in shares of RiverNorth Capital and Income Fund in the third quarter worth approximately $193,000.

About RiverNorth Capital and Income Fund

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.