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

LMP Capital and Income Fund Inc. (NYSE:SCD – Get Rating) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 11,400 shares, an increase of 216.7% from the April 15th total of 3,600 shares. Based on an average daily trading volume, of 45,500 shares, the days-to-cover ratio is presently 0.3 days.

A number of institutional investors have recently modified their holdings of SCD. Ahrens Investment Partners LLC acquired a new stake in LMP Capital and Income Fund in the 4th quarter worth about $33,000. Clearstead Advisors LLC acquired a new position in shares of LMP Capital and Income Fund in the 4th quarter valued at approximately $33,000. Blue Bell Private Wealth Management LLC raised its position in shares of LMP Capital and Income Fund by 1,139.8% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 4,959 shares of the real estate investment trust’s stock valued at $73,000 after buying an additional 4,559 shares in the last quarter. Confluence Wealth Services Inc. acquired a new position in shares of LMP Capital and Income Fund in the 4th quarter valued at approximately $88,000. Finally, UBS Group AG raised its position in shares of LMP Capital and Income Fund by 63.6% in the 3rd quarter. UBS Group AG now owns 6,714 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 2,609 shares in the last quarter.

Shares of LMP Capital and Income Fund stock opened at $12.91 on Thursday. LMP Capital and Income Fund has a twelve month low of $12.91 and a twelve month high of $15.44. The company has a 50-day simple moving average of $14.08 and a two-hundred day simple moving average of $14.39.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Thursday, March 24th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 8.06%. The ex-dividend date was Wednesday, March 23rd.

LMP Capital and Income Fund Company Profile (Get Rating)

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.

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