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

LMP Capital and Income Fund Inc. (NYSE:SCD) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 14,300 shares, a growth of 49.0% from the February 28th total of 9,600 shares. Based on an average daily volume of 35,300 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On LMP Capital and Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP grew 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 valued at $44,000 after buying an additional 2,000 shares during the period. Steward Partners Investment Advisory LLC grew its position in LMP Capital and Income Fund by 13.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 175,727 shares of the real estate investment trust’s stock valued at $3,022,000 after acquiring an additional 20,400 shares during the period. Raymond James Financial Inc. acquired a new stake in LMP Capital and Income Fund during the fourth quarter worth about $33,272,000. Atomi Financial Group Inc. raised its holdings in shares of LMP Capital and Income Fund by 5.9% in the 4th quarter. Atomi Financial Group Inc. now owns 27,810 shares of the real estate investment trust’s stock worth $478,000 after purchasing an additional 1,557 shares during the period. Finally, AlphaStar Capital Management LLC raised its holdings 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 purchasing an additional 14,975 shares during the period.

LMP Capital and Income Fund Stock Down 1.2 %

NYSE:SCD traded down $0.19 during mid-day trading on Friday, reaching $15.80. The company’s stock had a trading volume of 32,581 shares, compared to its average volume of 39,005. The company’s fifty day simple moving average is $16.74 and its two-hundred day simple moving average is $17.06. LMP Capital and Income Fund has a twelve month low of $14.22 and a twelve month high of $17.96.

LMP Capital and Income Fund Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a $0.12 dividend. The ex-dividend date is Monday, March 24th. This is a boost from LMP Capital and Income Fund’s previous dividend of $0.11. This represents a dividend yield of 8.93%.

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.