LMP Capital and Income Fund Inc. (NYSE:SCD) Sees Significant Increase in Short Interest

LMP Capital and Income Fund Inc. (NYSE:SCD) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 86,814 shares, a growth of 143.7% from the June 30th total of 35,625 shares. Based on an average daily volume of 75,988 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On LMP Capital and Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in SCD. Allspring Global Investments Holdings LLC purchased a new stake in shares of LMP Capital and Income Fund in the 4th quarter worth about $970,000. Shaker Financial Services LLC boosted its holdings in shares of LMP Capital and Income Fund by 341.1% during the fourth quarter. Shaker Financial Services LLC now owns 83,807 shares of the real estate investment trust’s stock worth $1,241,000 after purchasing an additional 64,807 shares during the last quarter. Wealth Care LLC purchased a new position in shares of LMP Capital and Income Fund during the 1st quarter worth about $736,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of LMP Capital and Income Fund by 48.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 202,691 shares of the real estate investment trust’s stock valued at $3,075,000 after purchasing an additional 66,224 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in shares of LMP Capital and Income Fund by 648.2% during the 4th quarter. Wolverine Asset Management LLC now owns 191,235 shares of the real estate investment trust’s stock worth $2,832,000 after purchasing an additional 165,675 shares during the period.

LMP Capital and Income Fund Stock Performance

LMP Capital and Income Fund stock opened at $15.31 on Tuesday. The company has a 50-day moving average price of $15.47 and a 200 day moving average price of $15.41. LMP Capital and Income Fund has a 12-month low of $13.79 and a 12-month high of $16.18.

LMP Capital and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date is Monday, August 24th.

About LMP Capital and Income Fund

LMP Capital & Income Fund (NYSE:SCD) is a diversified, closed-end management investment company organized as a Maryland corporation. The fund’s primary objective is to deliver total return through current income and capital appreciation. It is listed on the New York Stock Exchange and serves a broad base of retail and institutional investors seeking exposure to a mix of equity and income-producing assets.

The fund pursues its objective by investing predominantly in common stocks, debt securities and convertible instruments issued by U.S.