RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Short Interest Down 63.0% in June

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 6,490 shares, a decline of 63.0% from the June 15th total of 17,551 shares. Based on an average daily trading volume, of 13,203 shares, the days-to-cover ratio is currently 0.5 days.

RiverNorth Capital and Income Fund Price Performance

NYSE RSF remained flat at $14.60 during trading on Tuesday. The company’s stock had a trading volume of 16,003 shares, compared to its average volume of 12,513. RiverNorth Capital and Income Fund has a one year low of $14.23 and a one year high of $15.07. The business’s 50 day simple moving average is $14.61 and its two-hundred day simple moving average is $14.54.

RiverNorth Capital and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.1371 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. RiverNorth Capital and Income Fund’s dividend payout ratio is currently 108.67%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Palatine Hill Wealth Management LLC bought a new stake in RiverNorth Capital and Income Fund during the fourth quarter worth approximately $9,666,000. Nomura Holdings Inc. bought a new position in shares of RiverNorth Capital and Income Fund in the third quarter valued at approximately $3,680,000. TrueMark Investments LLC acquired a new stake in shares of RiverNorth Capital and Income Fund in the fourth quarter worth $689,000. Everstar Asset Management LLC acquired a new stake in shares of RiverNorth Capital and Income Fund in the first quarter worth $466,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of RiverNorth Capital and Income Fund by 15.9% during the 4th quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock worth $2,574,000 after buying an additional 24,600 shares during the period.

Analyst Ratings Changes

Separately, Zacks Research upgraded RiverNorth Capital and Income Fund to a “hold” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, RiverNorth Capital and Income Fund presently has an average rating of “Hold”.

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.