Short Interest in LMP Capital and Income Fund Inc. (NYSE:SCD) Grows 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.

Institutional Trading of LMP Capital and Income Fund

Large investors have recently modified their holdings of the stock. Allworth Financial LP lifted its position 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 worth $44,000 after purchasing an additional 2,000 shares during the period. Cetera Investment Advisers raised its position in shares of 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 in the last quarter. Vista Investment Partners II LLC bought a new stake in shares of LMP Capital and Income Fund during the 4th quarter worth approximately $213,000. Commonwealth Equity Services LLC boosted its position in shares of LMP Capital and Income Fund by 6.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 22,237 shares of the real estate investment trust’s stock worth $382,000 after acquiring an additional 1,394 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in LMP Capital and Income Fund by 11.4% in 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 acquiring an additional 2,681 shares during the last quarter.

LMP Capital and Income Fund Trading Up 0.3 %

NYSE SCD opened at $15.85 on Tuesday. The company has a 50 day moving average of $16.71 and a 200-day moving average of $17.06. LMP Capital and Income Fund has a 1-year low of $14.22 and a 1-year high of $17.96.

LMP Capital and Income Fund Increases Dividend

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

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.