ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) Short Interest Down 96.0% in July

ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 700 shares, a decline of 96.0% from the July 15th total of 17,500 shares. Based on an average daily volume of 36,000 shares, the days-to-cover ratio is presently 0.0 days.

ClearBridge MLP and Midstream Fund Stock Down 1.0 %

Shares of CEM stock traded down $0.45 during trading hours on Tuesday, hitting $44.08. The company’s stock had a trading volume of 30,088 shares, compared to its average volume of 35,862. ClearBridge MLP and Midstream Fund has a 12-month low of $33.11 and a 12-month high of $48.61. The company has a 50 day moving average of $45.64 and a 200 day moving average of $44.87.

ClearBridge MLP and Midstream Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 6.99%. The ex-dividend date is Wednesday, August 14th.

Institutional Investors Weigh In On ClearBridge MLP and Midstream Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alpine Global Management LLC lifted its stake in shares of ClearBridge MLP and Midstream Fund by 33.5% in the 1st quarter. Alpine Global Management LLC now owns 90,000 shares of the investment management company’s stock valued at $4,120,000 after purchasing an additional 22,600 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of ClearBridge MLP and Midstream Fund by 40.9% in the fourth 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 during the period. Kayne Anderson Capital Advisors LP boosted its stake in shares of ClearBridge MLP and Midstream Fund by 37.9% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 48,048 shares of the investment management company’s stock worth $2,200,000 after acquiring an additional 13,208 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in shares of ClearBridge MLP and Midstream Fund by 322.6% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 39,497 shares of the investment management company’s stock worth $1,808,000 after acquiring an additional 30,151 shares in the last quarter. Finally, Delphi Financial Group Inc. acquired a new stake in shares of ClearBridge MLP and Midstream Fund during the 4th quarter valued at about $1,329,000.

About ClearBridge MLP and Midstream Fund

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.