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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 16,900 shares, a growth of 62.5% from the November 30th total of 10,400 shares. Based on an average trading volume of 18,700 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On RiverNorth Capital and Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. WFA Asset Management Corp raised its stake in RiverNorth Capital and Income Fund by 54.5% during the 3rd quarter. WFA Asset Management Corp now owns 3,090 shares of the company’s stock valued at $48,000 after acquiring an additional 1,090 shares during the last quarter. Quarry LP raised its stake 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 purchasing an additional 3,432 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of RiverNorth Capital and Income Fund during the third quarter worth $369,000. Finally, Sea Otter Advisors LLC lifted its holdings in shares of RiverNorth Capital and Income Fund by 140.0% during the second quarter. Sea Otter Advisors LLC now owns 120,000 shares of the company’s stock worth $1,843,000 after purchasing an additional 70,000 shares during the period.

RiverNorth Capital and Income Fund Stock Down 0.1 %

RSF stock traded down $0.01 on Friday, hitting $15.21. The company’s stock had a trading volume of 4,513 shares, compared to its average volume of 20,011. The firm has a 50 day moving average of $15.33 and a two-hundred day moving average of $15.29. 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 Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.1398 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 11.03%. RiverNorth Capital and Income Fund’s payout ratio is 111.33%.

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.