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 significant decrease in short interest during the month of 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 short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On LMP Capital and Income Fund

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

LMP Capital and Income Fund Price Performance

LMP Capital and Income Fund stock opened at $17.56 on Friday. LMP Capital and Income Fund has a one year low of $12.88 and a one year high of $17.96. The company’s fifty day moving average price is $17.29 and its two-hundred day moving average price is $16.26.

LMP Capital and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.113 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date is Monday, December 23rd.

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.