LMP Capital and Income Fund Inc. (NYSE:SCD) Short Interest Down 42.5% in February

LMP Capital and Income Fund Inc. (NYSE:SCD) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 9,600 shares, a drop of 42.5% from the February 13th total of 16,700 shares. Based on an average daily trading volume, of 35,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. 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 valued at $44,000 after buying an additional 2,000 shares in the last quarter. Cetera Investment Advisers lifted its holdings 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 during the last quarter. Vista Investment Partners II LLC purchased a new stake in shares of LMP Capital and Income Fund during the fourth quarter valued at $213,000. Commonwealth Equity Services LLC lifted its holdings in shares of LMP Capital and Income Fund by 6.7% during 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 purchasing an additional 1,394 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of LMP Capital and Income Fund by 11.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 26,253 shares of the real estate investment trust’s stock valued at $452,000 after purchasing an additional 2,681 shares during the last quarter.

LMP Capital and Income Fund Trading Up 1.2 %

SCD stock traded up $0.19 during trading hours on Friday, hitting $15.82. 60,512 shares of the stock traded hands, compared to its average volume of 40,648. The stock has a 50-day simple moving average of $16.91 and a 200 day simple moving average of $17.07. LMP Capital and Income Fund has a one year low of $14.22 and a one year high of $17.96.

LMP Capital and Income Fund Announces Dividend

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

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.