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

LMP Capital and Income Fund Inc. (NYSE:SCD) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 10,200 shares, a drop of 31.5% from the December 31st total of 14,900 shares. Based on an average daily volume of 35,200 shares, the short-interest ratio is presently 0.3 days.

LMP Capital and Income Fund Stock Performance

SCD traded down $0.12 during trading on Friday, hitting $17.04. The stock had a trading volume of 45,774 shares, compared to its average volume of 34,414. LMP Capital and Income Fund has a 12 month low of $13.71 and a 12 month high of $17.96. The company has a 50 day simple moving average of $17.27 and a 200-day simple moving average of $16.84.

LMP Capital and Income Fund Cuts Dividend

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

Hedge Funds Weigh In On LMP Capital and Income Fund

Several large investors have recently made changes to their positions in the business. Atomi Financial Group Inc. increased its position in LMP Capital and Income Fund by 5.9% in the 4th 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 during the period. Creekmur Asset Management LLC acquired a new stake in shares of LMP Capital and Income Fund in the third quarter worth $38,000. Private Advisor Group LLC increased its position in LMP Capital and Income Fund by 8.5% during the third quarter. Private Advisor Group LLC now owns 16,229 shares of the real estate investment trust’s stock worth $285,000 after acquiring an additional 1,272 shares during the period. International Assets Investment Management LLC raised its stake in LMP Capital and Income Fund by 1,659.0% during the 3rd quarter. International Assets Investment Management LLC now owns 232,645 shares of the real estate investment trust’s stock valued at $4,092,000 after purchasing an additional 219,419 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in LMP Capital and Income Fund in the 3rd quarter valued at $39,000.

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.