Short Interest in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Grows By 68.6%

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 25,734 shares, an increase of 68.6% from the April 30th total of 15,261 shares. Based on an average daily trading volume, of 12,685 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. TrueMark Investments LLC purchased a new stake in shares of RiverNorth Capital and Income Fund during the fourth quarter valued at $689,000. Palatine Hill Wealth Management LLC purchased a new position in RiverNorth Capital and Income Fund in the 4th quarter worth about $9,666,000. Everstar Asset Management LLC bought a new position in RiverNorth Capital and Income Fund during the 1st quarter valued at about $466,000. Jane Street Group LLC bought a new position in RiverNorth Capital and Income Fund during the 4th quarter valued at about $214,000. Finally, Osaic Holdings Inc. boosted 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 valued at $2,574,000 after acquiring an additional 24,600 shares during the last quarter.

RiverNorth Capital and Income Fund Price Performance

Shares of RSF opened at $14.63 on Friday. RiverNorth Capital and Income Fund has a twelve month low of $14.23 and a twelve month high of $15.07. The firm has a 50 day moving average of $14.61 and a 200 day moving average of $14.52.

RiverNorth Capital and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.1371 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is presently 108.67%.

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.