Short Interest in LMP Capital and Income Fund Inc. (NYSE:SCD) Increases By 143.7%

LMP Capital and Income Fund Inc. (NYSE:SCD) saw a significant growth in short interest during the month of 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.

LMP Capital and Income Fund Stock Down 0.5%

NYSE SCD traded down $0.08 on Wednesday, hitting $15.33. 103,181 shares of the company were exchanged, compared to its average volume of 73,408. LMP Capital and Income Fund has a 1-year low of $13.79 and a 1-year high of $16.18. The firm has a 50 day moving average of $15.47 and a two-hundred day moving average of $15.41.

LMP Capital and Income Fund Dividend Announcement

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

Institutional Trading of LMP Capital and Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new position in LMP Capital and Income Fund in the 4th quarter valued at $970,000. Shaker Financial Services LLC lifted its stake 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 valued at $1,241,000 after acquiring an additional 64,807 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of LMP Capital and Income Fund by 48.5% during the fourth 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 acquiring an additional 66,224 shares during the period. Wealth Care LLC bought a new position in LMP Capital and Income Fund in the first quarter valued at about $736,000. Finally, Wolverine Asset Management LLC increased its position in LMP Capital and Income Fund by 648.2% in the fourth 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 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.