LMP Capital and Income Fund Inc. (NYSE:SCD) Short Interest Update

LMP Capital and Income Fund Inc. (NYSE:SCD) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 16,700 shares, a growth of 247.9% from the January 31st total of 4,800 shares. Based on an average daily trading volume, of 33,500 shares, the days-to-cover ratio is currently 0.5 days.

LMP Capital and Income Fund Stock Up 0.5 %

Shares of SCD traded up $0.09 during trading hours on Friday, reaching $16.86. 27,080 shares of the company traded hands, compared to its average volume of 33,354. The stock’s fifty day moving average is $17.10 and its 200 day moving average is $17.06. LMP Capital and Income Fund has a 1-year low of $14.06 and a 1-year high of $17.96.

LMP Capital and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.44 annualized dividend and a dividend yield of 8.54%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SCD. Allworth Financial LP grew its holdings in shares of LMP Capital and Income Fund by 397.6% during the fourth quarter. Allworth Financial LP now owns 2,503 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 2,000 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of LMP Capital and Income Fund by 10.7% during the fourth quarter. Cetera Investment Advisers now owns 12,239 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 1,182 shares in the last quarter. Vista Investment Partners II LLC bought a new stake in shares of LMP Capital and Income Fund during the fourth quarter valued at approximately $213,000. Private Advisor Group LLC increased its holdings in shares of LMP Capital and Income Fund by 8.5% in the third quarter. Private Advisor Group LLC now owns 16,229 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 1,272 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in LMP Capital and Income Fund by 6.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 22,237 shares of the real estate investment trust’s stock worth $382,000 after purchasing an additional 1,394 shares during the last quarter.

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.