Short Interest in LMP Capital and Income Fund Inc. (NYSE:SCD) Drops By 65.4%

LMP Capital and Income Fund Inc. (NYSE:SCD – Get Free Report) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 19,963 shares, a decrease of 65.4% from the April 15th total of 57,635 shares. Based on an average daily volume of 125,880 shares, the short-interest ratio is presently 0.2 days.

LMP Capital and Income Fund Price Performance

Shares of NYSE SCD traded up $0.18 during trading on Thursday, hitting $15.42. 33,334 shares of the company traded hands, compared to its average volume of 73,849. The business’s fifty day moving average is $15.15 and its 200 day moving average is $15.14. LMP Capital and Income Fund has a fifty-two week low of $13.79 and a fifty-two week high of $16.89.

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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 is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 9.3%.

Hedge Funds Weigh In On LMP Capital and Income Fund

Several institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of LMP Capital and Income Fund by 1.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 66,697 shares of the real estate investment trust’s stock valued at $996,000 after purchasing an additional 1,200 shares during the period. Calamos Advisors LLC raised its holdings in shares of LMP Capital and Income Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 41,404 shares of the real estate investment trust’s stock valued at $618,000 after purchasing an additional 4,930 shares during the period. NWF Advisory Services Inc. increased its position in shares of LMP Capital and Income Fund by 6.6% during the first quarter. NWF Advisory Services Inc. now owns 25,888 shares of the real estate investment trust’s stock worth $387,000 after acquiring an additional 1,600 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of LMP Capital and Income Fund during the first quarter worth about $276,000. Finally, World Investment Advisors increased its position in shares of LMP Capital and Income Fund by 8.4% during the first quarter. World Investment Advisors now owns 14,727 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 1,139 shares in the last quarter.

LMP Capital and Income Fund Company Profile

(Get Free Report)

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.

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