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

LMP Capital and Income Fund Inc. (NYSE:SCD) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 500 shares, a decline of 92.3% from the June 30th total of 6,500 shares. Based on an average daily trading volume, of 37,300 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. AlphaStar Capital Management LLC lifted its holdings in shares of LMP Capital and Income Fund by 42.9% during the fourth quarter. AlphaStar Capital Management LLC now owns 40,106 shares of the real estate investment trust’s stock valued at $562,000 after purchasing an additional 12,049 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of LMP Capital and Income Fund by 1,301.0% during the fourth quarter. International Assets Investment Management LLC now owns 185,296 shares of the real estate investment trust’s stock valued at $2,596,000 after purchasing an additional 172,070 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of LMP Capital and Income Fund by 0.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 742,852 shares of the real estate investment trust’s stock valued at $10,407,000 after purchasing an additional 4,894 shares in the last quarter. Stonebrook Private Inc. bought a new position in shares of LMP Capital and Income Fund during the fourth quarter valued at $374,000. Finally, Raymond James & Associates lifted its holdings in shares of LMP Capital and Income Fund by 4.3% during the fourth quarter. Raymond James & Associates now owns 892,758 shares of the real estate investment trust’s stock valued at $12,508,000 after purchasing an additional 37,211 shares in the last quarter.

LMP Capital and Income Fund Stock Up 0.2 %

NYSE:SCD traded up $0.03 during trading hours on Friday, reaching $15.59. 30,434 shares of the company traded hands, compared to its average volume of 49,970. The business’s 50-day moving average price is $15.42 and its two-hundred day moving average price is $14.85. LMP Capital and Income Fund has a 1 year low of $11.33 and a 1 year high of $15.90.

LMP Capital and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.113 per share. This represents a $1.36 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date is Friday, August 23rd.

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.