Effective use of critical resources among threads remains a challenge to Simultaneous multithreading (SMT) due to transient behaviors of threads. As Issue Queue (IQ) is regarded as one of most critical shared resources in the pipeline, putting a limit on its occupation by each thread may easily improve the overall throughput; however, such a limit (cap) should be set properly in real time to accommodate the transient behavior of each thread. We propose a simple dynamic algorithm to adjust the cap value for each thread in real time according to its activeness in terms of its dispatching and issuing activities. The simulation results show that the proposed technique not only achieves a significant improvement in IPC over the regular no-capping technique, but also demonstrates a performance superior to the fixed capping approach.