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 decline in short interest in the month of January. As of January 15th, there was short interest totalling 10,200 shares, a decline of 31.5% from the December 31st total of 14,900 shares. Based on an average trading volume of 35,200 shares, the days-to-cover ratio is currently 0.3 days.

LMP Capital and Income Fund Stock Performance

NYSE:SCD traded down $0.12 during mid-day trading on Friday, hitting $17.04. The company’s stock had a trading volume of 45,774 shares, compared to its average volume of 34,414. 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 has a fifty day moving average of $17.27 and a 200-day moving average of $16.84.

LMP Capital and Income Fund Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 27th will be issued 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creekmur Asset Management LLC acquired a new position in LMP Capital and Income Fund during the third quarter worth $38,000. GHP Investment Advisors Inc. bought a new stake in shares of LMP Capital and Income Fund in the 3rd quarter worth about $39,000. Allworth Financial LP increased its position in shares of LMP Capital and Income Fund by 397.6% during the 4th quarter. Allworth Financial LP now owns 2,503 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 2,000 shares in the last quarter. Private Advisor Group LLC lifted its holdings in 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 valued at $285,000 after purchasing an additional 1,272 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its position in LMP Capital and Income Fund by 10.6% in the third quarter. Atomi Financial Group Inc. now owns 26,253 shares of the real estate investment trust’s stock valued at $462,000 after buying an additional 2,517 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.