RGNC's secondary was the largest as a percentage of existing capitalization this year and the market is still trying to absorb all those shares. That is my own assessment but it will work out and is a very good buy point. EPD had the same problem when they did a massive offering in order to pay for the Teppco acquisition. EPD was stuck in a price range for 3 months which was great because it was at a great yield to cost entry point and there was time to add to my position.
I am slowly adding to my RGNC position although I have GTC orders in to purchase at 7.5% yield to cost entry point.