RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 19,757 shares, a growth of 132.3% from the July 30th total of 8,505 shares. Based on an average trading volume of 10,462 shares, the days-to-cover ratio is presently 1.9 days.
Institutional Investors Weigh In On RiverNorth Capital and Income Fund
Several institutional investors have recently made changes to their positions in RSF. Advisory Services Network LLC bought a new position in RiverNorth Capital and Income Fund during the 3rd quarter valued at about $35,000. CoreCap Advisors LLC bought a new stake in RiverNorth Capital and Income Fund in the second quarter worth about $95,000. Equitable Holdings Inc. bought a new stake in RiverNorth Capital and Income Fund in the fourth quarter worth about $167,000. Jane Street Group LLC purchased a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter valued at approximately $214,000. Finally, Osaic Holdings Inc. boosted its position in shares of RiverNorth Capital and Income Fund by 15.9% during the fourth quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock valued at $2,574,000 after buying an additional 24,600 shares during the period.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of RiverNorth Capital and Income Fund to a “hold” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
RiverNorth Capital and Income Fund Stock Up 0.1%
RSF traded up $0.02 during trading on Friday, reaching $14.51. The company had a trading volume of 8,641 shares, compared to its average volume of 11,727. The business has a 50 day simple moving average of $14.57 and a 200-day simple moving average of $14.56. RiverNorth Capital and Income Fund has a 52 week low of $14.23 and a 52 week high of $15.07.
RiverNorth Capital and Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid a $0.1371 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 11.3%. RiverNorth Capital and Income Fund’s dividend payout ratio is currently 109.33%.
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.
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