Short Interest in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Grows By 82.8%

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 11,861 shares, an increase of 82.8% from the June 30th total of 6,490 shares. Based on an average daily trading volume, of 9,346 shares, the days-to-cover ratio is currently 1.3 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of RiverNorth Capital and Income Fund to a “hold” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On RiverNorth Capital and Income Fund

Several institutional investors have recently modified their holdings of RSF. Advisory Services Network LLC bought a new stake in shares of RiverNorth Capital and Income Fund during the third quarter worth $35,000. CoreCap Advisors LLC acquired a new position in RiverNorth Capital and Income Fund in the 2nd quarter worth $95,000. Equitable Holdings Inc. acquired a new position in RiverNorth Capital and Income Fund in the 4th quarter worth $167,000. Jane Street Group LLC bought a new position in RiverNorth Capital and Income Fund during the 4th quarter worth about $214,000. Finally, Osaic Holdings Inc. increased its holdings in RiverNorth Capital and Income Fund by 15.9% during the 4th quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock worth $2,574,000 after purchasing an additional 24,600 shares in the last quarter.

RiverNorth Capital and Income Fund Stock Up 0.1%

Shares of RiverNorth Capital and Income Fund stock traded up $0.01 during trading on Friday, reaching $14.56. 3,707 shares of the company were exchanged, compared to its average volume of 12,226. RiverNorth Capital and Income Fund has a twelve month low of $14.23 and a twelve month high of $15.07. The business has a 50-day moving average price of $14.59 and a 200-day moving average price of $14.56.

RiverNorth Capital and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.1371 per share. The ex-dividend date was Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 11.3%. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is 118.00%.

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.