RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 57,824 shares, an increase of 104.2% from the March 15th total of 28,316 shares. Based on an average daily trading volume, of 15,726 shares, the days-to-cover ratio is currently 3.7 days.
Hedge Funds Weigh In On RiverNorth Capital and Income Fund
Several large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in shares of RiverNorth Capital and Income Fund during the third quarter valued at $35,000. WFA Asset Management Corp grew its holdings 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 acquiring an additional 1,090 shares during the period. Equitable Holdings Inc. acquired a new position in RiverNorth Capital and Income Fund during the fourth quarter worth about $167,000. Absolute Investment Advisers LLC acquired a new position in RiverNorth Capital and Income Fund during the third quarter worth about $193,000. Finally, Jane Street Group LLC acquired a new position in RiverNorth Capital and Income Fund during the fourth quarter worth about $214,000.
RiverNorth Capital and Income Fund Stock Performance
RSF traded up $0.02 during trading hours on Tuesday, hitting $14.69. 18,892 shares of the stock were exchanged, compared to its average volume of 14,277. The stock has a 50-day simple moving average of $14.50 and a 200-day simple moving average of $14.55. RiverNorth Capital and Income Fund has a 12 month low of $14.23 and a 12 month high of $15.36.
RiverNorth Capital and Income Fund Announces Dividend
About RiverNorth Capital and Income Fund
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.
Further Reading
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