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

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

LMP Capital and Income Fund Trading Up 0.3 %

Shares of SCD opened at $15.85 on Tuesday. LMP Capital and Income Fund has a 52 week low of $14.22 and a 52 week high of $17.96. The stock has a fifty day moving average of $16.71 and a 200-day moving average of $17.06.

LMP Capital and Income Fund Increases Dividend

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

Institutional Trading of LMP Capital and Income Fund

Hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in shares of LMP Capital and Income Fund by 10.7% in the fourth 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 period. Aptus Capital Advisors LLC grew its holdings in LMP Capital and Income Fund by 1.6% during the 4th quarter. Aptus Capital Advisors LLC now owns 75,600 shares of the real estate investment trust’s stock worth $1,300,000 after acquiring an additional 1,200 shares during the last quarter. Second Line Capital LLC increased its position in LMP Capital and Income Fund by 1.6% in the 4th quarter. Second Line Capital LLC now owns 75,600 shares of the real estate investment trust’s stock valued at $1,300,000 after acquiring an additional 1,200 shares during the period. Commonwealth Equity Services LLC raised 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 during the last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in shares of LMP Capital and Income Fund by 5.9% during the fourth quarter. Atomi Financial Group Inc. now owns 27,810 shares of the real estate investment trust’s stock worth $478,000 after purchasing an additional 1,557 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.