RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Short Interest Up 45.9% in January

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 14,300 shares, an increase of 45.9% from the January 15th total of 9,800 shares. Based on an average daily volume of 21,300 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of RiverNorth Capital and Income Fund

A number of large investors have recently added to or reduced their stakes in RSF. WFA Asset Management Corp lifted 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 buying an additional 1,090 shares in the last quarter. Absolute Investment Advisers LLC bought a new position in RiverNorth Capital and Income Fund in the 4th quarter valued at approximately $189,000. Quarry LP increased its holdings in RiverNorth Capital and Income Fund by 34.3% in the 3rd quarter. Quarry LP now owns 13,442 shares of the company’s stock worth $207,000 after purchasing an additional 3,432 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of RiverNorth Capital and Income Fund in the fourth quarter worth $330,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of RiverNorth Capital and Income Fund in the 3rd quarter valued at $369,000.

RiverNorth Capital and Income Fund Stock Up 0.5 %

Shares of NYSE:RSF traded up $0.07 during trading on Friday, hitting $15.36. 12,733 shares of the company’s stock were exchanged, compared to its average volume of 22,398. The firm has a 50-day moving average price of $15.24 and a two-hundred day moving average price of $15.27. RiverNorth Capital and Income Fund has a 1-year low of $14.90 and a 1-year high of $16.90.

RiverNorth Capital and Income Fund Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a $0.1357 dividend. The ex-dividend date was Wednesday, January 15th. This represents a dividend yield of 10.77%. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is presently 110.67%.

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.