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

LMP Capital and Income Fund Inc. (NYSE:SCD) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 7,841 shares, a decline of 60.7% from the April 30th total of 19,963 shares. Based on an average daily volume of 66,219 shares, the short-interest ratio is presently 0.1 days.

LMP Capital and Income Fund Trading Down 0.2%

Shares of SCD stock opened at $15.50 on Friday. The firm has a fifty day moving average price of $15.15 and a 200 day moving average price of $15.17. LMP Capital and Income Fund has a 12 month low of $13.79 and a 12 month high of $16.89.

LMP Capital and Income Fund Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%.

Hedge Funds Weigh In On LMP Capital and Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of LMP Capital and Income Fund during the fourth quarter worth $970,000. Shaker Financial Services LLC boosted its stake 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 acquiring an additional 64,807 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in LMP Capital and Income Fund by 48.5% in 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 in the last quarter. Wolverine Asset Management LLC boosted its stake 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 valued at $2,832,000 after acquiring an additional 165,675 shares in the last quarter. Finally, Calamos Advisors LLC acquired a new position in LMP Capital and Income Fund in the fourth quarter valued at $540,000.

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.