Short Interest in ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) Expands By 279.8%

ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 33,800 shares, a growth of 279.8% from the June 15th total of 8,900 shares. Based on an average daily volume of 31,000 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On ClearBridge MLP and Midstream Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC acquired a new position in shares of ClearBridge MLP and Midstream Fund in the 4th quarter valued at about $375,000. Steward Partners Investment Advisory LLC lifted its position in ClearBridge MLP and Midstream Fund by 40.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 50,338 shares of the investment management company’s stock worth $2,018,000 after acquiring an additional 14,600 shares in the last quarter. Bulldog Investors LLP acquired a new position in ClearBridge MLP and Midstream Fund during the 4th quarter worth approximately $329,000. Robinson Capital Management LLC acquired a new position in ClearBridge MLP and Midstream Fund during the 4th quarter worth approximately $63,000. Finally, Delphi Financial Group Inc. acquired a new position in ClearBridge MLP and Midstream Fund during the 4th quarter worth approximately $1,329,000.

ClearBridge MLP and Midstream Fund Stock Performance

Shares of NYSE CEM traded up $0.57 during midday trading on Thursday, hitting $45.50. The stock had a trading volume of 8,004 shares, compared to its average volume of 34,117. ClearBridge MLP and Midstream Fund has a 1-year low of $33.11 and a 1-year high of $48.61. The company has a fifty day moving average price of $46.87 and a 200 day moving average price of $44.12.

ClearBridge MLP and Midstream Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 6.77%. The ex-dividend date of this dividend was Wednesday, May 22nd.

ClearBridge MLP and Midstream Fund Company Profile

ClearBridge Energy MLP 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 Advisors, 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.