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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 10,436 shares, an increase of 147.2% from the May 14th total of 4,221 shares. Based on an average daily trading volume, of 57,371 shares, the days-to-cover ratio is currently 0.2 days.

ClearBridge Energy Midstream Opportunity Fund Stock Up 0.1%

NYSE EMO traded up $0.07 during trading hours on Friday, reaching $50.31. The company’s stock had a trading volume of 27,845 shares, compared to its average volume of 56,099. The firm has a fifty day simple moving average of $50.40 and a 200-day simple moving average of $48.87. ClearBridge Energy Midstream Opportunity Fund has a 52 week low of $41.54 and a 52 week high of $54.90.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.36 dividend. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Monday, August 24th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. raised its holdings in ClearBridge Energy Midstream Opportunity Fund by 16.2% in the 4th quarter. Sit Investment Associates Inc. now owns 777,688 shares of the investment management company’s stock valued at $34,724,000 after buying an additional 108,345 shares during the last quarter. Raymond James Financial Inc. raised its holdings in ClearBridge Energy Midstream Opportunity Fund by 1.7% in the 2nd quarter. Raymond James Financial Inc. now owns 650,976 shares of the investment management company’s stock valued at $31,227,000 after buying an additional 11,188 shares during the last quarter. EP Wealth Advisors LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund in the 4th quarter valued at approximately $13,637,000. Royal Bank of Canada raised its holdings in ClearBridge Energy Midstream Opportunity Fund by 0.9% in the 1st quarter. Royal Bank of Canada now owns 270,443 shares of the investment management company’s stock valued at $14,284,000 after buying an additional 2,281 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth approximately $7,085,000.

ClearBridge Energy Midstream Opportunity Fund Company Profile

ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) is a closed-end management investment company that seeks to provide a combination of current distribution income and capital appreciation. The fund primarily targets equities and equity-related securities of companies in the energy midstream sector, including entities involved in the gathering, processing, transportation and storage of natural gas, crude oil and natural gas liquids.

EMO’s portfolio typically includes common stocks, convertible securities and interests in master limited partnerships (MLPs) and other energy infrastructure partnerships.