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

LMP Capital and Income Fund Inc. (NYSE:SCD) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 21,200 shares, a drop of 43.5% from the September 30th total of 37,500 shares. Based on an average daily trading volume, of 41,800 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On LMP Capital and Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creekmur Asset Management LLC acquired a new stake in shares of LMP Capital and Income Fund in the third quarter valued at $38,000. GHP Investment Advisors Inc. purchased a new position in shares of LMP Capital and Income Fund in the third quarter valued at approximately $39,000. Private Advisor Group LLC grew 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. Atomi Financial Group Inc. purchased a new stake in LMP Capital and Income Fund during the 2nd quarter worth approximately $367,000. Finally, Chapin Davis Inc. boosted its position in LMP Capital and Income Fund by 6.0% in the 1st quarter. Chapin Davis Inc. now owns 50,952 shares of the real estate investment trust’s stock valued at $797,000 after buying an additional 2,890 shares during the period.

LMP Capital and Income Fund Stock Performance

SCD traded up $0.06 during midday trading on Friday, hitting $17.07. 56,182 shares of the company traded hands, compared to its average volume of 47,619. The business has a 50 day simple moving average of $16.98 and a two-hundred day simple moving average of $15.90. LMP Capital and Income Fund has a 52-week low of $11.33 and a 52-week high of $17.96.

LMP Capital and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be issued a $0.113 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.36 dividend on an annualized basis and a yield of 7.94%.

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.