ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Short Interest Down 62.8% in July

by · The Markets Daily

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO – Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 8,175 shares, a decline of 62.8% from the July 15th total of 21,984 shares. Based on an average daily volume of 37,659 shares, the short-interest ratio is presently 0.2 days.

ClearBridge Energy Midstream Opportunity Fund Trading Up 0.7%

EMO traded up $0.35 during midday trading on Friday, reaching $53.33. 3,473 shares of the company’s stock traded hands, compared to its average volume of 51,867. The firm has a fifty day moving average of $50.75 and a two-hundred day moving average of $50.69. 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 announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) annualized dividend and a dividend yield of 9.2%.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in EMO. Northwestern Mutual Wealth Management Co. purchased a new stake in ClearBridge Energy Midstream Opportunity Fund in the second quarter worth $197,000. EP Wealth Advisors LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter worth $14,903,000. Allworth Financial LP bought a new position in ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter worth $30,000. Oxbow Advisors LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter worth about $2,930,000. Finally, Bryn Mawr Trust Advisors LLC bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 2nd quarter valued at about $221,000.

About ClearBridge Energy Midstream Opportunity Fund

(Get Free Report)

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.

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