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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 1,600 shares, a decrease of 23.8% from the June 30th total of 2,100 shares. Based on an average daily volume of 23,800 shares, the short-interest ratio is currently 0.1 days.

RiverNorth Capital and Income Fund Stock Down 0.1 %

Shares of NYSE RSF traded down $0.02 during mid-day trading on Friday, hitting $15.19. 28,692 shares of the company’s stock traded hands, compared to its average volume of 19,973. The company’s 50-day moving average is $15.25 and its two-hundred day moving average is $15.56. RiverNorth Capital and Income Fund has a 1 year low of $14.81 and a 1 year high of $16.90.

RiverNorth Capital and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.1398 per share. This represents a $1.68 annualized dividend and a dividend yield of 11.04%. The ex-dividend date is Friday, September 13th. RiverNorth Capital and Income Fund’s dividend payout ratio is 112.00%.

Institutional Trading of RiverNorth Capital and Income Fund

A hedge fund recently bought a new stake in RiverNorth Capital and Income Fund stock. Waverly Advisors LLC acquired a new position in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 157,707 shares of the company’s stock, valued at approximately $2,501,000.

About RiverNorth Capital and Income Fund

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.