RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) Short Interest Down 27.5% in December

by · The Markets Daily

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Free Report) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 19,587 shares, a drop of 27.5% from the November 30th total of 27,022 shares. Based on an average daily trading volume, of 23,803 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 23,803 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of RiverNorth Capital and Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nomura Holdings Inc. purchased a new position in RiverNorth Capital and Income Fund during the third quarter worth about $3,680,000. Absolute Investment Advisers LLC acquired a new position in shares of RiverNorth Capital and Income Fund in the 3rd quarter worth approximately $193,000. Advisory Services Network LLC purchased a new position in shares of RiverNorth Capital and Income Fund during the 3rd quarter worth approximately $35,000. Finally, WFA Asset Management Corp increased its holdings in RiverNorth Capital and Income Fund by 54.5% in the 3rd quarter. WFA Asset Management Corp now owns 3,090 shares of the company’s stock valued at $48,000 after purchasing an additional 1,090 shares during the last quarter.

RiverNorth Capital and Income Fund Stock Up 0.1%

Shares of RSF stock traded up $0.02 during trading on Wednesday, hitting $14.37. 5,702 shares of the stock traded hands, compared to its average volume of 27,228. RiverNorth Capital and Income Fund has a 52-week low of $14.23 and a 52-week high of $16.02. The firm’s fifty day moving average price is $14.54 and its 200-day moving average price is $14.64.

RiverNorth Capital and Income Fund Company Profile

(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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