Short Interest in LMP Capital and Income Fund Inc. (NYSE:SCD) Expands By 171.1%

LMP Capital and Income Fund Inc. (NYSE:SCD) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 35,625 shares, a growth of 171.1% from the June 15th total of 13,143 shares. Based on an average daily volume of 48,397 shares, the short-interest ratio is currently 0.7 days.

LMP Capital and Income Fund Trading Down 0.3%

LMP Capital and Income Fund stock traded down $0.04 during mid-day trading on Wednesday, hitting $15.44. 101,953 shares of the company’s stock were exchanged, compared to its average volume of 68,064. LMP Capital and Income Fund has a 1-year low of $13.79 and a 1-year high of $16.18. The stock has a 50 day moving average of $15.44 and a two-hundred day moving average of $15.37.

LMP Capital and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%.

Institutional Investors Weigh In On LMP Capital and Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Karpus Management Inc. acquired a new position in LMP Capital and Income Fund during the fourth quarter valued at approximately $44,000. Kestra Advisory Services LLC acquired a new stake in shares of LMP Capital and Income Fund in the fourth quarter worth $56,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of LMP Capital and Income Fund during the 4th quarter worth $116,000. Readystate Asset Management LP bought a new stake in shares of LMP Capital and Income Fund during the 4th quarter worth $148,000. Finally, Aurora Private Wealth Inc. bought a new stake in shares of LMP Capital and Income Fund during the 4th quarter worth $168,000.

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.