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

by · The Cerbat Gem

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 9,700 shares, a growth of 646.2% from the September 15th total of 1,300 shares. Based on an average trading volume of 31,500 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP raised its holdings in ClearBridge Energy Midstream Opportunity Fund by 111.9% during the fourth 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. Chicago Partners Investment Group LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the fourth quarter valued at approximately $203,000. Virtu Financial LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the 4th quarter valued at $206,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 47.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,090 shares of the investment management company’s stock worth $532,000 after buying an additional 4,190 shares during the period. Finally, Pasadena Private Wealth LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the 1st quarter worth approximately $223,000.

ClearBridge Energy Midstream Opportunity Fund Price Performance

EMO traded up $0.39 during trading on Thursday, reaching $43.79. 27,288 shares of the company’s stock were exchanged, compared to its average volume of 29,271. The company’s fifty day moving average price is $40.63 and its 200-day moving average price is $41.02. ClearBridge Energy Midstream Opportunity Fund has a fifty-two week low of $30.71 and a fifty-two week high of $43.97.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.96 annualized dividend and a yield of 9.04%.

About ClearBridge Energy Midstream Opportunity Fund

(Get Free Report)

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.

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