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

LMP Capital and Income Fund Inc. (NYSE:SCD) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 17,403 shares, a decline of 80.0% from the July 15th total of 86,814 shares. Based on an average trading volume of 135,183 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On LMP Capital and Income Fund

A number of institutional investors have recently modified their holdings of the business. Z3 Capital Partners LLC grew its holdings in shares of LMP Capital and Income Fund by 1.3% during the second quarter. Z3 Capital Partners LLC now owns 425,705 shares of the real estate investment trust’s stock valued at $6,662,000 after purchasing an additional 5,366 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of LMP Capital and Income Fund by 35.3% in the fourth quarter. Wells Fargo & Company MN now owns 264,820 shares of the real estate investment trust’s stock worth $3,922,000 after purchasing an additional 69,084 shares in the last quarter. Wolverine Asset Management LLC increased its stake in LMP Capital and Income Fund by 648.2% during the 4th quarter. Wolverine Asset Management LLC now owns 191,235 shares of the real estate investment trust’s stock valued at $2,832,000 after buying an additional 165,675 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of LMP Capital and Income Fund during the third quarter valued at approximately $1,421,000. Finally, Yakira Capital Management Inc. raised its stake in shares of LMP Capital and Income Fund by 25.6% in the 4th quarter. Yakira Capital Management Inc. now owns 91,222 shares of the real estate investment trust’s stock worth $1,351,000 after buying an additional 18,568 shares in the last quarter.

LMP Capital and Income Fund Stock Performance

Shares of LMP Capital and Income Fund stock traded up $0.00 on Friday, hitting $15.84. 79,466 shares of the company’s stock traded hands, compared to its average volume of 73,659. LMP Capital and Income Fund has a 52-week low of $13.79 and a 52-week high of $16.18. The firm’s 50-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 declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a 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.