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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Free Report) saw a significant increase in short interest in 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 volume of 12,685 shares, the days-to-cover ratio is presently 2.0 days.

RiverNorth Capital and Income Fund Trading Down 0.1%

RSF opened at $14.58 on Thursday. The business’s fifty day moving average is $14.61 and its two-hundred day moving average is $14.51. RiverNorth Capital and Income Fund has a one year low of $14.23 and a one year high of $15.07.

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RiverNorth Capital and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.1371 per share. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date is Monday, June 15th. RiverNorth Capital and Income Fund’s payout ratio is presently 108.67%.

Institutional Trading of RiverNorth Capital and Income Fund

A number of institutional investors have recently bought and sold shares of the company. Everstar Asset Management LLC purchased a new stake in RiverNorth Capital and Income Fund during the first quarter worth $466,000. Equitable Holdings Inc. purchased a new stake in shares of RiverNorth Capital and Income Fund in the fourth quarter valued at $167,000. Osaic Holdings Inc. lifted its position in shares of RiverNorth Capital and Income Fund by 15.9% in the fourth 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 in the last quarter. Jane Street Group LLC purchased a new stake in shares of RiverNorth Capital and Income Fund in the fourth quarter valued at $214,000. Finally, Palatine Hill Wealth Management LLC purchased a new stake in shares of RiverNorth Capital and Income Fund in the fourth quarter valued at $9,666,000.

About RiverNorth Capital and Income Fund

(Get Free Report)

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.

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