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

LMP Capital and Income Fund Inc. (NYSE:SCD) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 9,600 shares, a decrease of 42.5% from the February 13th total of 16,700 shares. Based on an average trading volume of 35,800 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SCD. Raymond James Financial Inc. acquired a new position in shares of LMP Capital and Income Fund in the 4th quarter worth approximately $33,272,000. Shaker Financial Services LLC acquired a new position in shares of LMP Capital and Income Fund in the 4th quarter worth approximately $647,000. Astoria Portfolio Advisors LLC. acquired a new position in shares of LMP Capital and Income Fund in the 4th quarter worth approximately $622,000. Steward Partners Investment Advisory LLC grew its position in shares of LMP Capital and Income Fund by 13.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 175,727 shares of the real estate investment trust’s stock worth $3,022,000 after acquiring an additional 20,400 shares in the last quarter. Finally, AlphaStar Capital Management LLC grew its position in shares of LMP Capital and Income Fund by 43.3% in the 4th quarter. AlphaStar Capital Management LLC now owns 49,561 shares of the real estate investment trust’s stock worth $852,000 after acquiring an additional 14,975 shares in the last quarter.

LMP Capital and Income Fund Trading Down 1.8 %

NYSE SCD opened at $15.63 on Friday. The company’s fifty day moving average price is $16.96 and its two-hundred day moving average price is $17.08. LMP Capital and Income Fund has a 12 month low of $14.22 and a 12 month high of $17.96.

LMP Capital and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 9.21%. The ex-dividend date of this dividend is Monday, March 24th.

LMP Capital and Income Fund Company Profile

LMP Capital and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Investments, LLC, Western Asset Management Company Limited, and Western Asset Management Company. The fund invests in public equity and fixed income markets across the globe.