Short Interest in LMP Capital and Income Fund Inc. (NYSE:SCD) Expands By 84.0%

LMP Capital and Income Fund Inc. (NYSE:SCD) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 14,900 shares, an increase of 84.0% from the December 31st total of 8,100 shares. Based on an average daily volume of 36,200 shares, the days-to-cover ratio is presently 0.4 days.

LMP Capital and Income Fund Stock Performance

Shares of SCD stock opened at $17.04 on Friday. LMP Capital and Income Fund has a fifty-two week low of $13.71 and a fifty-two week high of $17.96. The stock’s fifty day moving average is $17.26 and its two-hundred day moving average is $16.85.

LMP Capital and Income Fund Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 27th will be paid a $0.113 dividend. This represents a dividend yield of 7.67%. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Trading of LMP Capital and Income Fund

Large investors have recently bought and sold shares of the business. Private Advisor Group LLC boosted its holdings in shares of LMP Capital and Income Fund by 8.5% during the 3rd quarter. Private Advisor Group LLC now owns 16,229 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 1,272 shares during the last quarter. Atomi Financial Group Inc. lifted its position in LMP Capital and Income Fund by 5.9% during the fourth quarter. Atomi Financial Group Inc. now owns 27,810 shares of the real estate investment trust’s stock worth $478,000 after buying an additional 1,557 shares in the last quarter. Allworth Financial LP boosted its stake in LMP Capital and Income Fund by 397.6% during the fourth quarter. Allworth Financial LP now owns 2,503 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 2,000 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in LMP Capital and Income Fund in the 3rd quarter valued at $38,000. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of LMP Capital and Income Fund in the 3rd quarter worth $39,000.

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.