ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Sees Large Decline in Short Interest

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 12,300 shares, a decrease of 16.3% from the February 28th total of 14,700 shares. Based on an average daily volume of 42,800 shares, the short-interest ratio is currently 0.3 days.

ClearBridge Energy Midstream Opportunity Fund Stock Up 1.1 %

Shares of NYSE EMO traded up $0.53 during midday trading on Wednesday, reaching $50.45. The stock had a trading volume of 40,053 shares, compared to its average volume of 37,066. The company’s 50 day moving average price is $49.14 and its 200 day moving average price is $46.95. ClearBridge Energy Midstream Opportunity Fund has a twelve month low of $36.71 and a twelve month high of $51.87.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.36 per share. The ex-dividend date was Monday, March 24th. This represents a yield of 8.69%.

Insider Activity at ClearBridge Energy Midstream Opportunity Fund

In related news, insider Franklin Resources Inc sold 9,704 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $47.06, for a total value of $456,670.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

Hedge funds have recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL acquired a new stake in ClearBridge Energy Midstream Opportunity Fund in the fourth quarter worth $42,000. Hobbs Group Advisors LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at about $68,000. Noble Wealth Management PBC acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth approximately $157,000. Stephens Inc. AR acquired a new stake in ClearBridge Energy Midstream Opportunity Fund in the fourth quarter valued at approximately $204,000. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth approximately $211,000.

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.