LMP Capital and Income Fund Inc. (NYSE:SCD) Short Interest Down 14.7% in March

LMP Capital and Income Fund Inc. (NYSE:SCD) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 59,838 shares, a drop of 14.7% from the February 26th total of 70,133 shares. Based on an average trading volume of 38,256 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On LMP Capital and Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Karpus Management Inc. bought a new position in LMP Capital and Income Fund during the 4th quarter valued at $44,000. Kestra Advisory Services LLC bought a new stake in shares of LMP Capital and Income Fund in the 4th quarter worth $56,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of LMP Capital and Income Fund in the fourth quarter valued at about $116,000. Readystate Asset Management LP bought a new position in shares of LMP Capital and Income Fund during the fourth quarter valued at about $148,000. Finally, Aurora Private Wealth Inc. bought a new position in shares of LMP Capital and Income Fund during the fourth quarter valued at about $168,000.

LMP Capital and Income Fund Price Performance

Shares of SCD opened at $15.00 on Thursday. The stock has a 50 day moving average price of $15.50 and a two-hundred day moving average price of $15.21. LMP Capital and Income Fund has a 52 week low of $13.35 and a 52 week high of $16.89.

LMP Capital and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 9.6%.

LMP Capital and Income Fund Company Profile

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.