Short Interest in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Declines By 64.3%

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 3,500 shares, a decrease 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 Down 0.1 %

NYSE RSF traded down $0.01 during mid-day trading on Wednesday, reaching $15.29. 1,886 shares of the stock were exchanged, compared to its average volume of 20,688. RiverNorth Capital and Income Fund has a 1-year low of $14.90 and a 1-year high of $16.90. The business’s fifty day simple moving average is $15.35 and its 200 day simple moving average is $15.26.

RiverNorth Capital and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.1398 per share. The ex-dividend date is Friday, December 13th. This represents a $1.68 dividend on an annualized basis and a yield of 10.97%. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is currently 112.00%.

Institutional Trading of RiverNorth Capital and Income Fund

A number of hedge funds have recently bought and sold shares of RSF. WFA Asset Management Corp raised its stake in 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 purchasing an additional 1,090 shares during the period. Landscape Capital Management L.L.C. purchased a new position in shares of RiverNorth Capital and Income Fund in the 3rd quarter valued at $369,000. Alpine Global Management LLC purchased a new position in shares of RiverNorth Capital and Income Fund in the 1st quarter valued at $1,170,000. Sea Otter Advisors LLC raised its stake in shares of RiverNorth Capital and Income Fund by 140.0% in the 2nd quarter. Sea Otter Advisors LLC now owns 120,000 shares of the company’s stock valued at $1,843,000 after acquiring an additional 70,000 shares during the period. Finally, Waverly Advisors LLC purchased a new position in shares of RiverNorth Capital and Income Fund in the 1st quarter valued at $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.