ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Sees Significant Increase in Short Interest

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 19,800 shares, an increase of 19.3% from the January 15th total of 16,600 shares. Based on an average daily volume of 48,200 shares, the short-interest ratio is presently 0.4 days.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

Shares of EMO stock traded down $0.01 during trading hours on Friday, reaching $49.60. 22,722 shares of the company’s stock were exchanged, compared to its average volume of 44,917. The stock’s 50 day moving average is $48.03 and its 200-day moving average is $44.82. ClearBridge Energy Midstream Opportunity Fund has a fifty-two week low of $35.43 and a fifty-two week high of $51.87.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The company also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Monday, January 27th were given a $0.33 dividend. This represents a dividend yield of 7.75%. The ex-dividend date of this dividend was Friday, January 24th.

Insiders Place Their Bets

In related news, insider Franklin Resources Inc sold 2,209 shares of the business’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 value of $101,702.36. Following the completion of the sale, the insider now owns 28,000 shares in the company, valued at approximately $1,289,120. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Several hedge funds have recently made changes to their positions in EMO. Advisors Asset Management Inc. boosted its holdings in ClearBridge Energy Midstream Opportunity Fund by 274.4% in the third quarter. Advisors Asset Management Inc. now owns 670,952 shares of the investment management company’s stock valued at $28,314,000 after purchasing an additional 491,725 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth about $29,885,000. EP Wealth Advisors LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth about $13,024,000. Wells Fargo & Company MN boosted its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 188,815 shares of the investment management company’s stock worth $8,787,000 after acquiring an additional 1,795 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth about $6,504,000.

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.