ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Short Interest Update

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 72,200 shares, an increase of 278.0% from the October 31st total of 19,100 shares. Based on an average daily volume of 43,400 shares, the short-interest ratio is presently 1.7 days.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

NYSE EMO traded up $0.69 during mid-day trading on Friday, reaching $50.49. 51,174 shares of the stock were exchanged, compared to its average volume of 31,651. The business’s 50 day moving average is $44.72 and its 200-day moving average is $42.25. ClearBridge Energy Midstream Opportunity Fund has a 1 year low of $32.21 and a 1 year high of $50.60.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a dividend of $0.33 per share. This represents a $3.96 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date of this dividend is Monday, December 23rd.

Insiders Place Their Bets

In other news, insider Franklin Resources Inc sold 7,900 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $43.71, for a total value of $345,309.00. Following the sale, the insider now directly owns 36,519 shares of the company’s stock, valued at $1,596,245.49. This represents a 17.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 24,024 shares of company stock valued at $1,051,375.

Institutional Trading of ClearBridge Energy Midstream Opportunity Fund

Hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in ClearBridge Energy Midstream Opportunity Fund by 274.4% during the third quarter. Advisors Asset Management Inc. now owns 670,952 shares of the investment management company’s stock worth $28,314,000 after acquiring an additional 491,725 shares during the period. EP Wealth Advisors LLC acquired a new position in 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 during the third quarter worth $4,542,000. Franklin Resources Inc. acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth $3,220,000. Finally, Delphi Financial Group Inc. acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth $2,648,000.

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.