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

LMP Capital and Income Fund Inc. (NYSE:SCD) saw 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 volume of 39,504 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SCD. Karpus Management Inc. acquired a new position in shares of LMP Capital and Income Fund during the fourth quarter valued at $44,000. Kestra Advisory Services LLC acquired a new position in shares of LMP Capital and Income Fund during the fourth quarter valued at $56,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of LMP Capital and Income Fund during the fourth quarter valued at $116,000. Readystate Asset Management LP acquired a new position in shares of LMP Capital and Income Fund during the fourth quarter valued at $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 Price Performance

Shares of SCD opened at $15.43 on Friday. LMP Capital and Income Fund has a one year low of $13.79 and a one year high of $16.18. The stock’s fifty day moving average is $15.26 and its 200-day moving average is $15.24.

LMP Capital and Income Fund Announces Dividend

The firm also recently declared 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. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is Monday, August 24th.

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.