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

LMP Capital and Income Fund Inc. (NYSE:SCD) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 86,814 shares, an increase of 143.7% from the June 30th total of 35,625 shares. Based on an average trading volume of 75,988 shares, the short-interest ratio is presently 1.1 days.

LMP Capital and Income Fund Price Performance

Shares of SCD opened at $15.31 on Tuesday. LMP Capital and Income Fund has a 1-year low of $13.79 and a 1-year high of $16.18. The business’s 50-day moving average price is $15.47 and its 200 day moving average price is $15.41.

LMP Capital and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Monday, August 24th.

Institutional Investors Weigh In On LMP Capital and Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in LMP Capital and Income Fund by 2.6% during the 1st quarter. Bank of America Corp DE now owns 26,024 shares of the real estate investment trust’s stock worth $389,000 after acquiring an additional 661 shares during the last quarter. World Investment Advisors lifted its position in LMP Capital and Income Fund by 8.4% in the first quarter. World Investment Advisors now owns 14,727 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 1,139 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of LMP Capital and Income Fund by 1.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 66,697 shares of the real estate investment trust’s stock worth $996,000 after acquiring an additional 1,200 shares during the period. NWF Advisory Services Inc. lifted its stake in LMP Capital and Income Fund by 6.6% during the first quarter. NWF Advisory Services Inc. now owns 25,888 shares of the real estate investment trust’s stock worth $387,000 after purchasing an additional 1,600 shares during the period. Finally, AlphaStar Capital Management LLC boosted its stake in LMP Capital and Income Fund by 3.1% in the 4th quarter. AlphaStar Capital Management LLC now owns 55,605 shares of the real estate investment trust’s stock valued at $824,000 after buying an additional 1,691 shares in the last quarter.

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.