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

LMP Capital and Income Fund Inc. (NYSE:SCD) was the target of a significant increase in short interest in 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 short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On LMP Capital and Income Fund

A number of hedge funds have recently modified their holdings of the business. Private Advisor Group LLC lifted 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 acquiring an additional 1,272 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in shares of 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 raised its position in LMP Capital and Income Fund by 397.6% in the 4th quarter. Allworth Financial LP now owns 2,503 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 2,000 shares during the last quarter. Creekmur Asset Management LLC bought a new position in shares of LMP Capital and Income Fund during the 3rd quarter worth approximately $38,000. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of LMP Capital and Income Fund in the third quarter valued at approximately $39,000.

LMP Capital and Income Fund Price Performance

NYSE:SCD opened at $17.04 on Friday. The business’s 50-day moving average price is $17.26 and its two-hundred day moving average price is $16.85. LMP Capital and Income Fund has a 1-year low of $13.71 and a 1-year high of $17.96.

LMP Capital and Income Fund Cuts Dividend

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

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.