Short Interest in LMP Capital and Income Fund Inc. (NYSE:SCD) Rises By 85.9%

LMP Capital and Income Fund Inc. (NYSE:SCD) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 19,316 shares, a growth of 85.9% from the December 15th total of 10,388 shares. Based on an average trading volume of 85,608 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 85,608 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On LMP Capital and Income Fund

A number of institutional investors have recently made changes to their positions in the stock. Cornerstone Advisors LLC raised its position in LMP Capital and Income Fund by 660.1% in the third quarter. Cornerstone Advisors LLC now owns 299,286 shares of the real estate investment trust’s stock valued at $4,648,000 after purchasing an additional 259,910 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of LMP Capital and Income Fund by 48.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 202,691 shares of the real estate investment trust’s stock valued at $3,075,000 after buying an additional 66,224 shares in the last quarter. Absolute Investment Advisers LLC purchased a new stake in shares of LMP Capital and Income Fund in the 3rd quarter valued at $2,692,000. Landscape Capital Management L.L.C. acquired a new position in LMP Capital and Income Fund during the 3rd quarter worth about $1,421,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in LMP Capital and Income Fund during the 4th quarter valued at about $970,000.

LMP Capital and Income Fund Price Performance

SCD stock traded up $0.03 during midday trading on Friday, hitting $15.41. 504,080 shares of the company’s stock were exchanged, compared to its average volume of 146,953. LMP Capital and Income Fund has a 1-year low of $13.35 and a 1-year high of $17.80. The business has a 50-day simple moving average of $14.80 and a two-hundred day simple moving average of $15.17.

LMP Capital and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is Friday, February 20th.

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.