RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Short Interest Update

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 3,500 shares, a drop of 64.3% from the October 15th total of 9,800 shares. Based on an average daily volume of 21,900 shares, the days-to-cover ratio is currently 0.2 days.

RiverNorth Capital and Income Fund Stock Performance

Shares of RSF stock remained flat at $15.17 during mid-day trading on Friday. The stock had a trading volume of 5,296 shares, compared to its average volume of 20,620. The stock’s fifty day simple moving average is $15.35 and its 200-day simple moving average is $15.26. RiverNorth Capital and Income Fund has a one year low of $14.90 and a one 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 Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.1398 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.68 annualized dividend and a dividend yield of 11.06%. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is presently 112.00%.

Institutional Trading of RiverNorth Capital and Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of RSF. WFA Asset Management Corp raised its holdings in shares of RiverNorth Capital and Income Fund by 54.5% during the third quarter. WFA Asset Management Corp now owns 3,090 shares of the company’s stock worth $48,000 after acquiring an additional 1,090 shares in the last quarter. Quarry LP raised its holdings in shares of RiverNorth Capital and Income Fund by 34.3% during the third quarter. Quarry LP now owns 13,442 shares of the company’s stock worth $207,000 after acquiring an additional 3,432 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in RiverNorth Capital and Income Fund during the third quarter valued at about $369,000. Alpine Global Management LLC bought a new position in RiverNorth Capital and Income Fund during the first quarter valued at about $1,170,000. Finally, Sea Otter Advisors LLC raised its holdings in RiverNorth Capital and Income Fund by 140.0% during the second quarter. Sea Otter Advisors LLC now owns 120,000 shares of the company’s stock valued at $1,843,000 after buying an additional 70,000 shares in the last quarter.

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.