LMP Capital and Income Fund Inc. (NYSE:SCD) Short Interest Update

LMP Capital and Income Fund Inc. (NYSE:SCD) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 10,388 shares, a drop of 25.5% from the November 30th total of 13,939 shares. Based on an average trading volume of 83,535 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 83,535 shares, the short-interest ratio is currently 0.1 days.

LMP Capital and Income Fund Stock Performance

SCD stock traded up $0.12 on Tuesday, hitting $14.82. 101,040 shares of the company were exchanged, compared to its average volume of 74,156. LMP Capital and Income Fund has a twelve month low of $13.35 and a twelve month high of $17.80. The business’s fifty day moving average is $14.73 and its two-hundred day moving average is $15.20.

LMP Capital and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date is Friday, February 20th.

Institutional Investors Weigh In On LMP Capital and Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP increased its stake in LMP Capital and Income Fund by 117.5% during the third quarter. Quarry LP now owns 64,727 shares of the real estate investment trust’s stock worth $1,005,000 after acquiring an additional 34,961 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of LMP Capital and Income Fund during the 3rd quarter worth about $251,000. Landscape Capital Management L.L.C. purchased a new stake in shares of LMP Capital and Income Fund during the 3rd quarter worth about $1,421,000. Cornerstone Advisors LLC increased its position in LMP Capital and Income Fund by 660.1% during the 3rd quarter. Cornerstone Advisors LLC now owns 299,286 shares of the real estate investment trust’s stock worth $4,648,000 after purchasing an additional 259,910 shares in the last quarter. Finally, Truist Financial Corp purchased a new position in LMP Capital and Income Fund in the third quarter valued at approximately $224,000.

LMP Capital and Income Fund Company Profile

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.