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

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

ClearBridge Energy Midstream Opportunity Fund Price Performance

Shares of NYSE:EMO traded up $1.03 during midday trading on Monday, hitting $48.03. The company had a trading volume of 62,757 shares, compared to its average volume of 64,180. The business’s 50-day simple moving average is $47.13 and its 200-day simple moving average is $43.33. ClearBridge Energy Midstream Opportunity Fund has a twelve month low of $33.71 and a twelve month high of $50.73.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be paid a $0.33 dividend. This represents a $3.96 annualized dividend and a dividend yield of 8.24%. The ex-dividend date of this dividend is Friday, January 24th.

Insider Transactions at ClearBridge Energy Midstream Opportunity Fund

In other news, insider Franklin Resources Inc sold 8,467 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $43.69, for a total value of $369,923.23. Following the sale, the insider now directly owns 51,019 shares of the company’s stock, valued at $2,229,020.11. This represents a 14.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 21,186 shares of company stock valued at $940,727 in the last quarter.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its stake in ClearBridge Energy Midstream Opportunity Fund by 274.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 670,952 shares of the investment management company’s stock worth $28,314,000 after purchasing an additional 491,725 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter worth $13,024,000. Stifel Financial Corp acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at approximately $4,542,000. Franklin Resources Inc. acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at $3,220,000. Finally, Landscape Capital Management L.L.C. grew its position in shares of ClearBridge Energy Midstream Opportunity Fund by 598.2% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 69,516 shares of the investment management company’s stock valued at $2,934,000 after buying an additional 59,560 shares during the last quarter.

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.