ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO – Get Free Report) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 14,700 shares, a growth of 69.0% from the February 13th total of 8,700 shares. Based on an average daily trading volume, of 45,100 shares, the days-to-cover ratio is presently 0.3 days.
ClearBridge Energy Midstream Opportunity Fund Trading Up 1.5 %
Shares of NYSE:EMO opened at $47.85 on Monday. The firm’s 50-day moving average is $48.90 and its two-hundred day moving average is $46.13. ClearBridge Energy Midstream Opportunity Fund has a 1 year low of $36.71 and a 1 year high of $51.87.
ClearBridge Energy Midstream Opportunity Fund Increases Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, March 24th. This is a positive change from ClearBridge Energy Midstream Opportunity Fund’s previous dividend of $0.33.
Insider Buying and Selling at ClearBridge Energy Midstream Opportunity Fund
Institutional Trading of ClearBridge Energy Midstream Opportunity Fund
A number of institutional investors and hedge funds have recently bought and sold shares of EMO. Raymond James Financial Inc. purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth about $29,885,000. Advisors Asset Management Inc. increased its stake in shares of 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 buying an additional 491,725 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter worth approximately $13,024,000. Proficio Capital Partners LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth approximately $6,504,000. Finally, Stifel Financial Corp purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter worth approximately $4,542,000.
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.
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