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

LMP Capital and Income Fund Inc. (NYSE:SCD) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 37,100 shares, a decline of 47.2% from the March 31st total of 70,200 shares. Based on an average daily trading volume, of 60,700 shares, the days-to-cover ratio is currently 0.6 days.

LMP Capital and Income Fund Trading Up 1.5 %

NYSE SCD traded up $0.22 on Friday, hitting $15.21. 35,247 shares of the stock traded hands, compared to its average volume of 60,002. The stock has a 50-day moving average of $14.73 and a 200 day moving average of $13.71. LMP Capital and Income Fund has a twelve month low of $11.33 and a twelve month high of $15.90.

LMP Capital and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 23rd will be given a dividend of $0.113 per share. This represents a $1.36 annualized dividend and a dividend yield of 8.92%. The ex-dividend date of this dividend is Wednesday, May 22nd.

Hedge Funds Weigh In On LMP Capital and Income Fund

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its stake in LMP Capital and Income Fund by 16.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 862,607 shares of the real estate investment trust’s stock valued at $13,491,000 after purchasing an additional 119,755 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of LMP Capital and Income Fund by 0.5% in the 1st quarter. Raymond James & Associates now owns 897,648 shares of the real estate investment trust’s stock valued at $14,039,000 after buying an additional 4,890 shares during the period. Chapin Davis Inc. grew its position in shares of LMP Capital and Income Fund by 6.0% during the 1st quarter. Chapin Davis Inc. now owns 50,952 shares of the real estate investment trust’s stock valued at $797,000 after buying an additional 2,890 shares during the last quarter. Quarry LP acquired a new stake in LMP Capital and Income Fund during the fourth quarter worth about $751,000. Finally, Steward Partners Investment Advisory LLC raised its stake in LMP Capital and Income Fund by 2.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 115,174 shares of the real estate investment trust’s stock worth $1,614,000 after acquiring an additional 2,793 shares during the period.

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.