LMP Capital and Income Fund Inc. (NYSE:SCD) Sees Significant Growth in Short Interest

LMP Capital and Income Fund Inc. (NYSE:SCD) was the target 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 days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 85,608 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On LMP Capital and Income Fund

Several large investors have recently modified their holdings of SCD. Truist Financial Corp acquired a new position in shares of LMP Capital and Income Fund in the 3rd quarter valued at $224,000. Mercer Global Advisors Inc. ADV purchased a new position in LMP Capital and Income Fund during the 3rd quarter worth $251,000. Shaker Financial Services LLC acquired a new position in LMP Capital and Income Fund in the third quarter valued at $297,000. Invesco Ltd. increased its stake in LMP Capital and Income Fund by 87.0% in the second quarter. Invesco Ltd. now owns 25,044 shares of the real estate investment trust’s stock valued at $391,000 after purchasing an additional 11,653 shares during the period. Finally, Wolverine Asset Management LLC purchased a new stake in shares of LMP Capital and Income Fund in the third quarter valued at about $397,000.

LMP Capital and Income Fund Stock Up 0.2%

Shares of SCD traded up $0.03 during midday trading on Friday, reaching $15.41. 504,080 shares of the stock were exchanged, compared to its average volume of 146,953. LMP Capital and Income Fund has a twelve month low of $13.35 and a twelve month high of $17.80. The business’s 50-day moving average price is $14.80 and its 200 day moving average price is $15.17.

LMP Capital and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a yield of 9.3%.

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.