ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Short Interest Down 56.1% in February

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 8,700 shares, a drop of 56.1% from the January 31st total of 19,800 shares. Based on an average daily trading volume, of 46,300 shares, the days-to-cover ratio is currently 0.2 days.

ClearBridge Energy Midstream Opportunity Fund Trading Up 1.9 %

EMO opened at $49.16 on Friday. ClearBridge Energy Midstream Opportunity Fund has a 52-week low of $36.71 and a 52-week high of $51.87. The company has a 50 day moving average of $48.63 and a two-hundred day moving average of $45.51.

ClearBridge Energy Midstream Opportunity Fund Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a $0.36 dividend. This is an increase from ClearBridge Energy Midstream Opportunity Fund’s previous dividend of $0.33. The ex-dividend date is Monday, March 24th.

Insider Buying and Selling

In other news, insider Franklin Resources Inc sold 2,209 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $46.04, for a total transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EMO. Raymond James Financial Inc. purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter valued at about $29,885,000. Advisors Asset Management Inc. boosted its stake in shares of 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 period. EP Wealth Advisors LLC purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at $13,024,000. Proficio Capital Partners LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the 4th quarter valued at $6,504,000. Finally, Stifel Financial Corp purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth $4,542,000.

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.