LMP Capital and Income Fund Inc. (NYSE:SCD) Sees Large Growth in Short Interest

LMP Capital and Income Fund Inc. (NYSE:SCD) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 35,625 shares, an increase of 171.1% from the June 15th total of 13,143 shares. Based on an average daily trading volume, of 48,397 shares, the short-interest ratio is currently 0.7 days.

LMP Capital and Income Fund Trading Down 0.7%

Shares of NYSE SCD opened at $15.44 on Tuesday. LMP Capital and Income Fund has a 12 month low of $13.79 and a 12 month high of $16.18. The stock has a 50 day moving average of $15.44 and a 200-day moving average of $15.37.

LMP Capital and Income Fund Announces Dividend

The company 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. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date is Monday, August 24th.

Hedge Funds Weigh In On LMP Capital and Income Fund

A number of large investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in LMP Capital and Income Fund by 35.3% during the 4th quarter. Wells Fargo & Company MN now owns 264,820 shares of the real estate investment trust’s stock worth $3,922,000 after purchasing an additional 69,084 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in LMP Capital and Income Fund by 48.5% in the 4th 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. Wolverine Asset Management LLC grew its holdings in LMP Capital and Income Fund by 648.2% in the 4th quarter. Wolverine Asset Management LLC now owns 191,235 shares of the real estate investment trust’s stock valued at $2,832,000 after buying an additional 165,675 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in LMP Capital and Income Fund during the 3rd quarter worth $1,421,000. Finally, Yakira Capital Management Inc. increased its position in LMP Capital and Income Fund by 25.6% during the 4th quarter. Yakira Capital Management Inc. now owns 91,222 shares of the real estate investment trust’s stock worth $1,351,000 after buying an additional 18,568 shares during the period.

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.