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 significant growth in short interest in July. As of July 15th, there was short interest totaling 86,814 shares, a growth of 143.7% from the June 30th total of 35,625 shares. Based on an average daily volume of 75,988 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On LMP Capital and Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Z3 Capital Partners LLC raised its stake in LMP Capital and Income Fund by 1.3% during the 2nd quarter. Z3 Capital Partners LLC now owns 425,705 shares of the real estate investment trust’s stock worth $6,662,000 after acquiring an additional 5,366 shares during the period. NewEdge Advisors LLC boosted its position in shares of LMP Capital and Income Fund by 9.9% in the first quarter. NewEdge Advisors LLC now owns 46,179 shares of the real estate investment trust’s stock worth $689,000 after purchasing an additional 4,172 shares during the period. Bank of America Corp DE boosted its position in shares of LMP Capital and Income Fund by 2.6% in the first quarter. Bank of America Corp DE now owns 26,024 shares of the real estate investment trust’s stock worth $389,000 after purchasing an additional 661 shares during the period. Royal Bank of Canada increased its stake in shares of LMP Capital and Income Fund by 4.7% in the first quarter. Royal Bank of Canada now owns 80,692 shares of the real estate investment trust’s stock worth $1,205,000 after purchasing an additional 3,630 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of LMP Capital and Income Fund by 1.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 66,697 shares of the real estate investment trust’s stock worth $996,000 after purchasing an additional 1,200 shares in the last quarter.

LMP Capital and Income Fund Stock Performance

Shares of SCD opened at $15.33 on Thursday. The business has a 50-day simple moving average of $15.48 and a two-hundred day simple moving average of $15.41. LMP Capital and Income Fund has a 52 week low of $13.79 and a 52 week high of $16.18.

LMP Capital and Income Fund Announces Dividend

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 given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. 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.