Short Interest in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Grows By 94.4%

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 27,800 shares, a growth of 94.4% from the January 31st total of 14,300 shares. Based on an average daily trading volume, of 23,100 shares, the short-interest ratio is presently 1.2 days.

RiverNorth Capital and Income Fund Stock Performance

Shares of RSF traded up $0.03 on Friday, hitting $15.15. 18,117 shares of the stock traded hands, compared to its average volume of 23,267. The stock’s 50 day moving average is $15.21 and its two-hundred day moving average is $15.28. RiverNorth Capital and Income Fund has a 1 year low of $14.86 and a 1 year high of $16.90.

RiverNorth Capital and Income Fund Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of $0.1357 per share. This represents a yield of 10.77%. The ex-dividend date was Wednesday, January 15th. RiverNorth Capital and Income Fund’s dividend payout ratio is currently 110.67%.

Institutional Investors Weigh In On RiverNorth Capital and Income Fund

Several large investors have recently made changes to their positions in RSF. WFA Asset Management Corp grew its holdings in RiverNorth Capital and Income Fund by 54.5% during the 3rd quarter. WFA Asset Management Corp now owns 3,090 shares of the company’s stock valued at $48,000 after purchasing an additional 1,090 shares in the last quarter. Quarry LP lifted its position in shares of RiverNorth Capital and Income Fund by 34.3% in the 3rd quarter. Quarry LP now owns 13,442 shares of the company’s stock worth $207,000 after buying an additional 3,432 shares during the last quarter. Absolute Investment Advisers LLC bought a new position in shares of RiverNorth Capital and Income Fund in the 4th quarter worth about $189,000. Raymond James Financial Inc. bought a new position in shares of RiverNorth Capital and Income Fund in the 4th quarter worth about $330,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of RiverNorth Capital and Income Fund in the 3rd quarter worth about $369,000.

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.