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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 9,400 shares, an increase of 526.7% from the August 15th total of 1,500 shares. Based on an average daily trading volume, of 25,400 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its stake in ClearBridge Energy Midstream Opportunity Fund by 60.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,044 shares of the investment management company’s stock worth $867,000 after purchasing an additional 7,954 shares during the period. Quarry LP increased its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 111.9% in the 4th quarter. Quarry LP now owns 44,915 shares of the investment management company’s stock worth $1,568,000 after acquiring an additional 23,715 shares in the last quarter. Virtu Financial LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 4th quarter worth about $206,000. Chicago Partners Investment Group LLC purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the 4th quarter valued at about $203,000. Finally, Edgemoor Investment Advisors Inc. bought a new stake in ClearBridge Energy Midstream Opportunity Fund during the second quarter worth about $1,861,000.

ClearBridge Energy Midstream Opportunity Fund Stock Up 2.5 %

Shares of EMO stock opened at $40.06 on Friday. The stock has a fifty day moving average of $40.16 and a 200 day moving average of $40.54. ClearBridge Energy Midstream Opportunity Fund has a 52 week low of $29.31 and a 52 week high of $43.76.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.33 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 9.89%. The ex-dividend date is Monday, September 23rd.

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.