Short Interest in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Increases By 132.3%

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 19,757 shares, a growth of 132.3% from the July 30th total of 8,505 shares. Based on an average daily volume of 10,462 shares, the short-interest ratio is currently 1.9 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised RiverNorth Capital and Income Fund to a “hold” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

RiverNorth Capital and Income Fund Trading Up 0.1%

Shares of NYSE:RSF traded up $0.02 during midday trading on Friday, reaching $14.51. 8,641 shares of the company were exchanged, compared to its average volume of 11,727. RiverNorth Capital and Income Fund has a fifty-two week low of $14.23 and a fifty-two week high of $15.07. The stock has a fifty day simple moving average of $14.57 and a two-hundred day simple moving average of $14.56.

RiverNorth Capital and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a $0.1371 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 11.3%. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is currently 109.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RSF. Advisory Services Network LLC bought a new stake in RiverNorth Capital and Income Fund in the third quarter valued at approximately $35,000. CoreCap Advisors LLC acquired a new stake in shares of RiverNorth Capital and Income Fund in the second quarter valued at approximately $95,000. Equitable Holdings Inc. bought a new position in shares of RiverNorth Capital and Income Fund during the 4th quarter worth approximately $167,000. Jane Street Group LLC bought a new position in shares of RiverNorth Capital and Income Fund during the 4th quarter worth approximately $214,000. Finally, Osaic Holdings Inc. increased its holdings in shares of 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 acquiring an additional 24,600 shares during the last quarter.

RiverNorth Capital and Income Fund Company Profile

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.