RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Rating) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 4,400 shares, a decline of 98.1% from the January 31st total of 231,000 shares. Based on an average daily volume of 25,900 shares, the short-interest ratio is currently 0.2 days.
RiverNorth Capital and Income Fund Stock Performance
RSF stock traded down $0.02 during trading on Thursday, hitting $15.66. The company had a trading volume of 11,775 shares, compared to its average volume of 26,016. The firm has a 50-day moving average price of $16.33 and a 200-day moving average price of $17.11. RiverNorth Capital and Income Fund has a 12 month low of $15.37 and a 12 month high of $19.93.
Get RiverNorth Capital and Income Fund alerts:RiverNorth Capital and Income Fund Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.1424 per share. This is a boost from RiverNorth Capital and Income Fund's previous monthly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $1.71 annualized dividend and a dividend yield of 10.91%.
Institutional Trading of RiverNorth Capital and Income Fund
Several institutional investors and hedge funds have recently made changes to their positions in RSF. Mendota Financial Group LLC bought a new stake in shares of RiverNorth Capital and Income Fund in the 4th quarter valued at $29,000. UBS Group AG increased its position in shares of RiverNorth Capital and Income Fund by 914.3% in the 3rd quarter. UBS Group AG now owns 3,256 shares of the company's stock valued at $56,000 after buying an additional 2,935 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of RiverNorth Capital and Income Fund in the 2nd quarter valued at $64,000. SeaCrest Wealth Management LLC bought a new stake in shares of RiverNorth Capital and Income Fund in the 2nd quarter valued at $102,000. Finally, Bank of America Corp DE bought a new stake in shares of RiverNorth Capital and Income Fund in the 4th quarter valued at $236,000.
RiverNorth Capital and Income Fund Company Profile
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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.
Further Reading
- Get a free copy of the StockNews.com research report on RiverNorth Capital and Income Fund (RSF)
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