LMP Capital and Income Fund Inc. (NYSE:SCD) Short Interest Down 80.0% in July

LMP Capital and Income Fund Inc. (NYSE:SCD) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 17,403 shares, a drop of 80.0% from the July 15th total of 86,814 shares. Based on an average daily trading volume, of 135,183 shares, the days-to-cover ratio is presently 0.1 days.

LMP Capital and Income Fund Stock Performance

Shares of NYSE SCD opened at $15.71 on Wednesday. The company has a 50 day simple moving average of $15.51 and a two-hundred day simple moving average of $15.42. 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 firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a yield of 9.2%.

Hedge Funds Weigh In On LMP Capital and Income Fund

A number of institutional investors have recently modified their holdings of the stock. Wolverine Asset Management LLC lifted its stake in shares of LMP Capital and Income Fund by 648.2% in the 4th quarter. Wolverine Asset Management LLC now owns 191,235 shares of the real estate investment trust’s stock valued at $2,832,000 after purchasing an additional 165,675 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in LMP Capital and Income Fund during the third quarter valued at $1,421,000. Wells Fargo & Company MN increased its holdings in LMP Capital and Income Fund by 35.3% in the fourth quarter. Wells Fargo & Company MN now owns 264,820 shares of the real estate investment trust’s stock valued at $3,922,000 after buying an additional 69,084 shares in the last quarter. Shaker Financial Services LLC increased its holdings in LMP Capital and Income Fund by 341.1% in 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 buying an additional 64,807 shares in the last quarter. Finally, Wealth Care LLC acquired a new position in shares of LMP Capital and Income Fund in the first quarter worth about $736,000.

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.