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 decrease in short interest in July. As of July 15th, there was short interest totalling 500 shares, a decrease of 92.3% from the June 30th total of 6,500 shares. Based on an average daily trading volume, of 37,300 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On LMP Capital and Income Fund

A number of hedge funds have recently modified their holdings of SCD. Aristides Capital LLC purchased a new position in shares of LMP Capital and Income Fund during the 1st quarter valued at $3,815,000. International Assets Investment Management LLC raised its holdings in LMP Capital and Income Fund by 1,301.0% during the fourth quarter. International Assets Investment Management LLC now owns 185,296 shares of the real estate investment trust’s stock valued at $2,596,000 after acquiring an additional 172,070 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of LMP Capital and Income Fund by 16.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 862,607 shares of the real estate investment trust’s stock valued at $13,491,000 after acquiring an additional 119,755 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of LMP Capital and Income Fund by 10.9% in the first quarter. Advisors Asset Management Inc. now owns 633,763 shares of the real estate investment trust’s stock worth $9,912,000 after acquiring an additional 62,529 shares during the period. Finally, Quarry LP purchased a new stake in shares of LMP Capital and Income Fund during the fourth quarter worth about $751,000.

LMP Capital and Income Fund Stock Up 0.9 %

Shares of NYSE SCD traded up $0.14 during trading on Thursday, hitting $15.56. The company had a trading volume of 27,473 shares, compared to its average volume of 50,108. The stock has a 50 day simple moving average of $15.42 and a 200 day simple moving average of $14.85. LMP Capital and Income Fund has a 12 month low of $11.33 and a 12 month high of $15.90.

LMP Capital and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.113 per share. This represents a $1.36 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date is Friday, August 23rd.

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.