Short Interest in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Decreases By 88.3%

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a large decrease in short interest in May. As of May 28th, there was short interest totalling 38,500 shares, a decrease of 88.3% from the May 13th total of 329,700 shares. Based on an average daily trading volume, of 60,500 shares, the days-to-cover ratio is presently 0.6 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of EMO. Morgan Stanley lifted its position in shares of ClearBridge Energy Midstream Opportunity Fund by 11.2% in the 1st quarter. Morgan Stanley now owns 433,111 shares of the investment management company’s stock worth $8,091,000 after purchasing an additional 43,509 shares during the period. Royal Bank of Canada boosted its position in ClearBridge Energy Midstream Opportunity Fund by 14.0% during the 1st quarter. Royal Bank of Canada now owns 120,638 shares of the investment management company’s stock valued at $2,253,000 after acquiring an additional 14,849 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new stake in ClearBridge Energy Midstream Opportunity Fund during the 1st quarter valued at $173,000. Laurel Wealth Advisors Inc. purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 1st quarter valued at $236,000. Finally, Clearbridge Investments LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 1st quarter worth $1,373,000.

Shares of ClearBridge Energy Midstream Opportunity Fund stock traded up $0.33 during trading on Friday, hitting $24.72. 43,538 shares of the stock traded hands, compared to its average volume of 62,994. The firm’s fifty day moving average is $20.97. ClearBridge Energy Midstream Opportunity Fund has a 52-week low of $8.31 and a 52-week high of $24.90.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 28th. Shareholders of record on Friday, May 21st were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 6.15%. This is a boost from ClearBridge Energy Midstream Opportunity Fund’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, May 20th.

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.

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