ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Short Interest Update

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 23,500 shares, a growth of 273.0% from the December 15th total of 6,300 shares. Based on an average daily volume of 48,300 shares, the days-to-cover ratio is presently 0.5 days.

Insider Buying and Selling

In other news, insider Franklin Resources Inc sold 8,467 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $43.69, for a total value of $369,923.23. Following the sale, the insider now owns 51,019 shares of the company’s stock, valued at approximately $2,229,020.11. The trade was a 14.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 21,186 shares of company stock valued at $940,727 over the last 90 days.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

A number of institutional investors and hedge funds have recently modified their holdings of EMO. HighTower Advisors LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth about $1,030,000. Chicago Partners Investment Group LLC boosted its stake in ClearBridge Energy Midstream Opportunity Fund by 75.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 10,283 shares of the investment management company’s stock worth $454,000 after purchasing an additional 4,407 shares during the period. Nations Financial Group Inc. IA ADV acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth approximately $633,000. Tradewinds LLC. purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth approximately $2,047,000. Finally, Bogart Wealth LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at $37,000.

ClearBridge Energy Midstream Opportunity Fund Price Performance

NYSE:EMO traded up $1.33 during mid-day trading on Tuesday, reaching $49.44. 56,409 shares of the stock were exchanged, compared to its average volume of 63,201. The business has a fifty day moving average price of $47.22 and a 200 day moving average price of $43.38. ClearBridge Energy Midstream Opportunity Fund has a 1-year low of $33.71 and a 1-year high of $50.73.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be paid a dividend of $0.33 per share. This represents a $3.96 annualized dividend and a yield of 8.01%. The ex-dividend date is Friday, January 24th.

About ClearBridge Energy Midstream Opportunity Fund

ClearBridge Energy MLP Opportunity Fund Inc is a closed ended equity mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by ClearBridge Investments, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector.