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

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

LMP Capital and Income Fund Stock Down 1.8 %

LMP Capital and Income Fund stock opened at $15.63 on Friday. LMP Capital and Income Fund has a 12-month low of $14.22 and a 12-month high of $17.96. The firm’s 50-day moving average is $16.96 and its two-hundred day moving average is $17.08.

LMP Capital and Income Fund Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.44 annualized dividend and a dividend yield of 9.21%.

Institutional Investors Weigh In On LMP Capital and Income Fund

Hedge funds have recently modified their holdings of the company. Allworth Financial LP boosted its stake in shares of LMP Capital and Income Fund by 397.6% during the 4th 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 boosted its position in shares of LMP Capital and Income Fund by 10.7% in the fourth quarter. Cetera Investment Advisers now owns 12,239 shares of the real estate investment trust’s stock worth $211,000 after acquiring an additional 1,182 shares during the last quarter. Vista Investment Partners II LLC acquired a new stake in shares of LMP Capital and Income Fund in the fourth quarter worth approximately $213,000. Commonwealth Equity Services LLC boosted its position in shares of LMP Capital and Income Fund by 6.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 22,237 shares of the real estate investment trust’s stock worth $382,000 after acquiring an additional 1,394 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of LMP Capital and Income Fund by 11.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,253 shares of the real estate investment trust’s stock worth $452,000 after acquiring an additional 2,681 shares during the last quarter.

About LMP Capital and Income Fund

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.