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

LMP Capital and Income Fund Inc. (NYSE:SCD) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 8,300 shares, a decline of 21.0% from the October 31st total of 10,500 shares. Based on an average daily trading volume, of 40,000 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On LMP Capital and Income Fund

A number of large investors have recently made changes to their positions in SCD. Creekmur Asset Management LLC purchased a new stake in LMP Capital and Income Fund in the 3rd quarter valued at about $38,000. GHP Investment Advisors Inc. purchased a new stake in LMP Capital and Income Fund in the 3rd quarter valued at about $39,000. Private Advisor Group LLC boosted its position in LMP Capital and Income Fund by 8.5% in the 3rd quarter. Private Advisor Group LLC now owns 16,229 shares of the real estate investment trust’s stock valued at $285,000 after buying an additional 1,272 shares during the period. Atomi Financial Group Inc. purchased a new stake in LMP Capital and Income Fund in the 2nd quarter valued at about $367,000. Finally, Shaker Financial Services LLC purchased a new stake in LMP Capital and Income Fund in the 2nd quarter valued at about $1,440,000.

LMP Capital and Income Fund Price Performance

Shares of SCD stock traded up $0.27 during trading hours on Friday, reaching $17.83. 20,875 shares of the stock were exchanged, compared to its average volume of 46,411. LMP Capital and Income Fund has a 12-month low of $13.04 and a 12-month high of $17.96. The company’s 50-day moving average price is $17.30 and its 200-day moving average price is $16.28.

LMP Capital and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a dividend of $0.113 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.61%.

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.