Will Lmp Capital and Income Fund Incorporated (NYSE:SCD) Run Out of Steam Soon? Short Interest is Up

November 7, 2017 - By Richard Conner

 Will Lmp Capital and Income Fund Incorporated (NYSE:SCD) Run Out of Steam Soon? Short Interest is Up

Investors sentiment decreased to 0.75 in 2017 Q2. Its down 1.15, from 1.9 in 2017Q1. It worsened, as 4 investors sold LMP Capital and Income Fund Inc. shares while 12 reduced holdings. 1 funds opened positions while 11 raised stakes. 4.92 million shares or 5.53% less from 5.21 million shares in 2017Q1 were reported.
Commonwealth Equity Svcs has invested 0% in LMP Capital and Income Fund Inc. (NYSE:SCD). Advisors Asset Mngmt Inc reported 0.09% of its portfolio in LMP Capital and Income Fund Inc. (NYSE:SCD). 36,256 were accumulated by Oppenheimer & Company. Wells Fargo & Mn holds 0% or 860,622 shares. Cap Invest Limited Com invested in 0.01% or 12,900 shares. Royal Bank & Trust Of Canada invested in 51,032 shares or 0% of the stock. Saba Cap Management L P owns 11,589 shares. Invesco reported 219,210 shares. Pnc Financial Grp Incorporated, Pennsylvania-based fund reported 1,780 shares. Private Advisor Limited Co holds 22,321 shares or 0.01% of its portfolio. M&T Natl Bank Corp accumulated 10,011 shares. Mufg Americas Corporation holds 106 shares or 0% of its portfolio. Thomas J Herzfeld Advsrs holds 7,833 shares. Raymond James Fin Advsr Inc has invested 0.02% in LMP Capital and Income Fund Inc. (NYSE:SCD). Morgan Stanley owns 0% invested in LMP Capital and Income Fund Inc. (NYSE:SCD) for 866,970 shares.

The stock of Lmp Capital and Income Fund Incorporated (NYSE:SCD) registered an increase of 40.78% in short interest. SCD’s total short interest was 14,500 shares in November as published by FINRA. Its up 40.78% from 10,300 shares, reported previously. With 47,700 shares average volume, it will take short sellers 0 days to cover their SCD’s short positions.

About 26,332 shares traded. LMP Capital and Income Fund Inc. (NYSE:SCD) has risen 13.90% since November 7, 2016 and is uptrending. It has underperformed by 2.80% the S&P500.

LMP Capital and Income Fund Inc. is a non-diversified, closed-end management investment company. The company has market cap of $254.82 million. The Fund’s investment objective is total return with an emphasis on income. It currently has negative earnings. The Fund invests in a range of equity and fixed-income securities of both the United States and foreign issuers.

More important recent LMP Capital and Income Fund Inc. (NYSE:SCD) news were published by: Seekingalpha.com which released: “SCD: Equity CEF Has An 8.2% Discount And An 8.6% Yield” on July 31, 2017, also Businesswire.com published article titled: “LMP Capital and Income Fund Inc. Portfolio Composition as of September 30, 2017”, Marketwatch.com published: “14.09” on May 02, 2011. More interesting news about LMP Capital and Income Fund Inc. (NYSE:SCD) was released by: Seekingalpha.com and their article: “Retirement Income: Earn A Safe 9.3% Yield From This 15% Discounted Equity Fund” with publication date: July 21, 2016.

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