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 the month of 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 days-to-cover ratio is currently 0.3 days.

LMP Capital and Income Fund Stock Performance

LMP Capital and Income Fund stock traded up $0.19 during midday trading on Friday, reaching $15.82. The stock had a trading volume of 60,512 shares, compared to its average volume of 40,648. LMP Capital and Income Fund has a 52-week low of $14.22 and a 52-week high of $17.96. The company has a fifty day moving average of $16.91 and a 200 day moving average of $17.08.

LMP Capital and Income Fund Dividend Announcement

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

Hedge Funds Weigh In On LMP Capital and Income Fund

A number of institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers boosted its stake in shares of LMP Capital and Income Fund by 10.7% during the fourth quarter. Cetera Investment Advisers now owns 12,239 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 1,182 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in LMP Capital and Income Fund by 1.6% in the fourth quarter. Aptus Capital Advisors LLC now owns 75,600 shares of the real estate investment trust’s stock valued at $1,300,000 after acquiring an additional 1,200 shares in the last quarter. Second Line Capital LLC boosted its stake in LMP Capital and Income Fund by 1.6% in the fourth quarter. Second Line Capital LLC now owns 75,600 shares of the real estate investment trust’s stock valued at $1,300,000 after acquiring an additional 1,200 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in LMP Capital and Income Fund by 6.7% in the fourth 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, Atomi Financial Group Inc. boosted its stake in LMP Capital and Income Fund by 5.9% in the fourth quarter. Atomi Financial Group Inc. now owns 27,810 shares of the real estate investment trust’s stock valued at $478,000 after acquiring an additional 1,557 shares in the last quarter.

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.