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

LMP Capital and Income Fund Inc. (NYSE:SCD) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 13,500 shares, a growth of 48.4% from the August 15th total of 9,100 shares. Based on an average daily volume of 41,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SCD. Shaker Financial Services LLC purchased a new position in LMP Capital and Income Fund during the second quarter valued at approximately $1,440,000. Atomi Financial Group Inc. purchased a new position in shares of LMP Capital and Income Fund during the 2nd quarter valued at about $367,000. Raymond James Financial Services Advisors Inc. raised its position in LMP Capital and Income Fund by 6.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 916,130 shares of the real estate investment trust’s stock valued at $14,182,000 after acquiring an additional 53,523 shares in the last quarter. Raymond James & Associates increased its holdings in shares of LMP Capital and Income Fund by 0.5% during the 2nd quarter. Raymond James & Associates now owns 902,108 shares of the real estate investment trust’s stock valued at $13,965,000 after purchasing an additional 4,460 shares in the last quarter. Finally, Aristides Capital LLC acquired a new position in shares of LMP Capital and Income Fund in the first quarter worth about $3,815,000.

LMP Capital and Income Fund Stock Up 1.9 %

SCD traded up $0.32 on Monday, hitting $17.07. 42,005 shares of the company’s stock traded hands, compared to its average volume of 48,771. LMP Capital and Income Fund has a one year low of $11.33 and a one year high of $17.09. The company’s 50 day simple moving average is $15.87 and its 200-day simple moving average is $15.38.

LMP Capital and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 23rd will be paid a $0.113 dividend. The ex-dividend date is Monday, September 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.94%.

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.