LMP Capital and Income Fund Inc. (NYSE:SCD) Short Interest Down 21.0% in November

LMP Capital and Income Fund Inc. (NYSE:SCD) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 8,300 shares, a decrease of 21.0% from the October 31st total of 10,500 shares. Based on an average daily trading volume, of 40,000 shares, the days-to-cover ratio is currently 0.2 days.

LMP Capital and Income Fund Stock Up 1.5 %

Shares of SCD traded up $0.27 during trading hours on Friday, reaching $17.83. 20,875 shares of the company traded hands, compared to its average volume of 46,411. The stock has a fifty day simple moving average of $17.30 and a 200 day simple moving average of $16.28. LMP Capital and Income Fund has a fifty-two week low of $13.04 and a fifty-two week high of $17.96.

LMP Capital and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.113 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.36 annualized dividend and a dividend yield of 7.61%.

Hedge Funds Weigh In On LMP Capital and Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Creekmur Asset Management LLC acquired a new position in LMP Capital and Income Fund in the 3rd quarter valued at $38,000. GHP Investment Advisors Inc. acquired a new position in LMP Capital and Income Fund in the third quarter valued at $39,000. Private Advisor Group LLC lifted its position in LMP Capital and Income Fund by 8.5% during the third quarter. Private Advisor Group LLC now owns 16,229 shares of the real estate investment trust’s stock worth $285,000 after buying an additional 1,272 shares during the period. Atomi Financial Group Inc. acquired a new stake in LMP Capital and Income Fund in the 2nd quarter worth about $367,000. Finally, Shaker Financial Services LLC acquired a new stake in LMP Capital and Income Fund in the 2nd quarter worth about $1,440,000.

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.