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

LMP Capital and Income Fund Inc. (NYSE:SCD) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 17,403 shares, a decrease 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 currently 0.1 days.

Institutional Trading of LMP Capital and Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of SCD. Karpus Management Inc. acquired a new position in LMP Capital and Income Fund during the fourth quarter worth $44,000. Kestra Advisory Services LLC bought a new stake in shares of LMP Capital and Income Fund during the fourth quarter worth about $56,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of LMP Capital and Income Fund during the fourth quarter worth about $116,000. Readystate Asset Management LP acquired a new stake in shares of LMP Capital and Income Fund in the 4th quarter worth about $148,000. Finally, Aurora Private Wealth Inc. acquired a new stake in shares of LMP Capital and Income Fund in the 4th quarter worth about $168,000.

LMP Capital and Income Fund Stock Up 0.5%

NYSE:SCD traded up $0.07 on Thursday, hitting $15.83. The stock had a trading volume of 105,513 shares, compared to its average volume of 73,622. LMP Capital and Income Fund has a 52 week low of $13.79 and a 52 week high of $16.18. The business’s fifty day moving average is $15.52 and its 200 day moving average is $15.43.

LMP Capital and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Wednesday, September 23rd.

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.