Short Interest in LMP Capital and Income Fund Inc. (NYSE:SCD) Rises By 49.0%

LMP Capital and Income Fund Inc. (NYSE:SCD) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 14,300 shares, an increase of 49.0% from the February 28th total of 9,600 shares. Based on an average daily volume of 35,300 shares, the short-interest ratio is presently 0.4 days.

LMP Capital and Income Fund Trading Down 1.2 %

Shares of SCD traded down $0.19 during midday trading on Friday, reaching $15.80. 32,581 shares of the company were exchanged, compared to its average volume of 39,005. LMP Capital and Income Fund has a 1-year low of $14.22 and a 1-year high of $17.96. The stock has a 50-day moving average price of $16.74 and a 200-day moving average price of $17.06.

LMP Capital and Income Fund Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a $0.12 dividend. This is an increase from LMP Capital and Income Fund’s previous dividend of $0.11. The ex-dividend date of this dividend is Monday, March 24th. This represents a yield of 8.93%.

Institutional Trading of LMP Capital and Income Fund

A number of hedge funds have recently made changes to their positions in SCD. Allworth Financial LP grew its holdings in 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 valued at $44,000 after purchasing an additional 2,000 shares in the last quarter. Cetera Investment Advisers boosted its position in LMP Capital and Income Fund by 10.7% in the 4th quarter. Cetera Investment Advisers now owns 12,239 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 1,182 shares during the last quarter. Vista Investment Partners II LLC purchased a new position in LMP Capital and Income Fund in the 4th quarter valued at about $213,000. Commonwealth Equity Services LLC grew its stake 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 acquiring an additional 1,394 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position 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 worth $452,000 after acquiring an additional 2,681 shares during the last quarter.

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.