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

LMP Capital and Income Fund Inc. (NYSE:SCD) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 17,236 shares, a growth of 119.8% from the May 14th total of 7,841 shares. Based on an average daily trading volume, of 39,504 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On LMP Capital and Income Fund

Large investors have recently added to or reduced their stakes in the stock. Karpus Management Inc. acquired a new stake in LMP Capital and Income Fund in the fourth quarter worth $44,000. Kestra Advisory Services LLC acquired a new stake in LMP Capital and Income Fund in the fourth quarter worth $56,000. Blue Bell Private Wealth Management LLC acquired a new stake in LMP Capital and Income Fund in the fourth quarter worth $116,000. Readystate Asset Management LP acquired a new stake in LMP Capital and Income Fund in the fourth quarter worth $148,000. Finally, Aurora Private Wealth Inc. acquired a new position in shares of LMP Capital and Income Fund during the fourth quarter valued at $168,000.

LMP Capital and Income Fund Stock Up 0.5%

Shares of NYSE SCD opened at $15.43 on Friday. LMP Capital and Income Fund has a 1-year low of $13.79 and a 1-year high of $16.18. The business’s fifty day moving average price is $15.26 and its two-hundred day moving average price is $15.24.

LMP Capital and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 24th. 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.