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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 15,800 shares, a decrease of 43.2% from the February 13th total of 27,800 shares. Based on an average trading volume of 23,000 shares, the days-to-cover ratio is presently 0.7 days.

RiverNorth Capital and Income Fund Stock Down 0.1 %

Shares of RiverNorth Capital and Income Fund stock traded down $0.01 during trading hours on Friday, hitting $15.10. The company’s stock had a trading volume of 23,687 shares, compared to its average volume of 24,044. The stock has a 50 day moving average of $15.19 and a 200 day moving average of $15.28. RiverNorth Capital and Income Fund has a 12 month low of $14.86 and a 12 month high of $16.90.

RiverNorth Capital and Income Fund Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP boosted its position 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 buying an additional 3,432 shares during the period. Absolute Investment Advisers LLC acquired a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter worth about $189,000. Raymond James Financial Inc. acquired a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter worth about $330,000. Landscape Capital Management L.L.C. acquired a new position in shares of RiverNorth Capital and Income Fund during the third quarter worth about $369,000. Finally, Shaker Financial Services LLC acquired a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter worth about $911,000.

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.