LMP Capital and Income Fund Inc. (NYSE:SCD) Short Interest Down 60.7% in May
by Teresa Graham · The Cerbat GemLMP Capital and Income Fund Inc. (NYSE:SCD – Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 7,841 shares, a decline of 60.7% from the April 30th total of 19,963 shares. Based on an average trading volume of 66,219 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On LMP Capital and Income Fund
Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in LMP Capital and Income Fund by 2.6% during the 1st quarter. Bank of America Corp DE now owns 26,024 shares of the real estate investment trust’s stock worth $389,000 after acquiring an additional 661 shares during the last quarter. World Investment Advisors grew its holdings in LMP Capital and Income Fund by 8.4% during the 1st 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 during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in LMP Capital and Income Fund by 1.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 66,697 shares of the real estate investment trust’s stock worth $996,000 after acquiring an additional 1,200 shares during the last quarter. NWF Advisory Services Inc. grew its holdings in LMP Capital and Income Fund by 6.6% during the 1st 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 during the last quarter. Finally, AlphaStar Capital Management LLC grew its holdings in LMP Capital and Income Fund by 3.1% during the 4th quarter. AlphaStar Capital Management LLC now owns 55,605 shares of the real estate investment trust’s stock worth $824,000 after acquiring an additional 1,691 shares during the last quarter.
LMP Capital and Income Fund Trading Down 0.2%
LMP Capital and Income Fund stock traded down $0.03 on Friday, hitting $15.50. The company’s stock had a trading volume of 52,822 shares, compared to its average volume of 70,452. The company has a fifty day moving average price of $15.15 and a 200-day moving average price of $15.18. LMP Capital and Income Fund has a one year low of $13.79 and a one year high of $16.89.
LMP Capital and Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.12 dividend. This represents a c) annualized dividend and a 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.