ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Short Interest Up 273.0% in January

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

Insider Activity at ClearBridge Energy Midstream Opportunity Fund

In other news, insider Franklin Resources Inc sold 2,209 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $46.04, for a total transaction of $101,702.36. Following the transaction, the insider now owns 28,000 shares of the company’s stock, valued at approximately $1,289,120. This represents a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Institutional investors have recently modified their holdings of the stock. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth approximately $31,000. Bogart Wealth LLC purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth $37,000. Hobbs Group Advisors LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at $68,000. Activest Wealth Management purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at $95,000. Finally, Eagle Bay Advisors LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth $161,000.

ClearBridge Energy Midstream Opportunity Fund Stock Up 0.7 %

Shares of EMO traded up $0.34 during trading hours on Tuesday, reaching $49.39. 32,211 shares of the company traded hands, compared to its average volume of 52,971. The stock’s fifty day moving average price is $47.98 and its 200 day moving average price is $44.10. ClearBridge Energy Midstream Opportunity Fund has a 12-month low of $35.00 and a 12-month high of $51.87.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 27th will be given a $0.33 dividend. The ex-dividend date is Friday, January 24th. This represents a yield of 7.75%.

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.