Short Interest in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Increases By 278.0%

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 72,200 shares, an increase of 278.0% from the October 31st total of 19,100 shares. Based on an average daily trading volume, of 43,400 shares, the short-interest ratio is currently 1.7 days.

Insider Buying and Selling at ClearBridge Energy Midstream Opportunity Fund

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 7,657 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $43.90, for a total transaction of $336,142.30. Following the completion of the transaction, the insider now owns 65,862 shares in the company, valued at $2,891,341.80. This trade represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 24,024 shares of company stock valued at $1,051,375.

Institutional Trading of ClearBridge Energy Midstream Opportunity Fund

Institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 60.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,044 shares of the investment management company’s stock valued at $867,000 after buying an additional 7,954 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of 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 valued at $454,000 after buying an additional 4,407 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at about $633,000. Edgemoor Investment Advisors Inc. bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter valued at about $1,861,000. Finally, Bogart Wealth LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth approximately $37,000.

ClearBridge Energy Midstream Opportunity Fund Trading Up 1.7 %

EMO stock traded up $0.82 during trading on Thursday, hitting $49.80. The company had a trading volume of 39,908 shares, compared to its average volume of 31,567. ClearBridge Energy Midstream Opportunity Fund has a 52-week low of $32.21 and a 52-week high of $49.92. The company has a 50 day simple moving average of $44.56 and a 200-day simple moving average of $42.20.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a dividend of $0.33 per share. This represents a $3.96 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date is Monday, December 23rd.

ClearBridge Energy Midstream Opportunity Fund Company Profile

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.