LMP Capital and Income Fund Inc. (NYSE:SCD) Short Interest Down 42.5% in February

LMP Capital and Income Fund Inc. (NYSE:SCD) saw a large 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 daily volume of 35,800 shares, the short-interest ratio is currently 0.3 days.

LMP Capital and Income Fund Stock Performance

Shares of SCD traded up $0.19 during trading on Friday, reaching $15.82. The company’s stock had a trading volume of 60,512 shares, compared to its average volume of 40,648. The company has a fifty day moving average of $16.91 and a two-hundred day moving average of $17.07. 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 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.11%. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Investors Weigh In On LMP Capital and Income Fund

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