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 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 trading volume, of 43,400 shares, the days-to-cover ratio is currently 1.7 days.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

Shares of EMO stock traded up $0.82 during trading hours on Wednesday, hitting $49.80. 39,908 shares of the company were exchanged, compared to its average volume of 31,567. ClearBridge Energy Midstream Opportunity Fund has a fifty-two week low of $32.21 and a fifty-two week high of $49.92. The company has a 50 day simple moving average of $44.41 and a two-hundred day simple moving average of $42.15.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a $0.33 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date of this dividend is Monday, December 23rd.

Insider Activity at ClearBridge Energy Midstream Opportunity Fund

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 8,467 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $43.69, for a total transaction of $369,923.23. Following the completion of the sale, the insider now owns 51,019 shares of the company’s stock, valued at approximately $2,229,020.11. This represents a 14.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 24,024 shares of company stock worth $1,051,375 in the last quarter.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

A number of large investors have recently modified their holdings of the company. Franklin Resources Inc. bought a new position in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at $3,220,000. Hobbs Group Advisors LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at $68,000. Sunbelt Securities Inc. bought a new position in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at $218,000. M&T Bank Corp bought a new position in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at $798,000. Finally, MML Investors Services LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at $579,000.

ClearBridge Energy Midstream Opportunity Fund Company Profile

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.