Short Interest in LMP Capital and Income Fund Inc. (NYSE:SCD) Rises By 85.9%

LMP Capital and Income Fund Inc. (NYSE:SCD) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 19,316 shares, a growth of 85.9% from the December 15th total of 10,388 shares. Based on an average daily trading volume, of 85,608 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 85,608 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Advisors LLC boosted its stake in shares of LMP Capital and Income Fund by 261.2% in the 2nd quarter. Cornerstone Advisors LLC now owns 39,376 shares of the real estate investment trust’s stock valued at $614,000 after purchasing an additional 28,476 shares in the last quarter. Absolute Investment Advisers LLC purchased a new stake in LMP Capital and Income Fund during the third quarter valued at about $2,692,000. Astoria Portfolio Advisors LLC. grew its stake in shares of LMP Capital and Income Fund by 15.1% during the third quarter. Astoria Portfolio Advisors LLC. now owns 64,889 shares of the real estate investment trust’s stock valued at $1,017,000 after buying an additional 8,506 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of LMP Capital and Income Fund in the third quarter worth about $1,421,000. Finally, NewEdge Advisors LLC lifted its stake in shares of LMP Capital and Income Fund by 13.5% in the 1st quarter. NewEdge Advisors LLC now owns 32,340 shares of the real estate investment trust’s stock valued at $515,000 after acquiring an additional 3,856 shares during the last quarter.

LMP Capital and Income Fund Stock Down 0.3%

NYSE:SCD traded down $0.04 during midday trading on Thursday, hitting $15.40. The company had a trading volume of 107,320 shares, compared to its average volume of 109,445. LMP Capital and Income Fund has a 52-week low of $13.35 and a 52-week high of $17.80. The stock’s fifty day moving average price is $14.77 and its 200-day moving average price is $15.17.

LMP Capital and Income Fund Dividend Announcement

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 given a dividend of $0.12 per share. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 9.4%.

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.