ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Sees Large Growth in Short Interest

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 19,100 shares, a growth of 172.9% from the October 15th total of 7,000 shares. Based on an average daily volume of 38,100 shares, the days-to-cover ratio is currently 0.5 days.

ClearBridge Energy Midstream Opportunity Fund Price Performance

Shares of ClearBridge Energy Midstream Opportunity Fund stock opened at $46.74 on Wednesday. The stock has a 50 day moving average of $42.81 and a 200 day moving average of $41.66. ClearBridge Energy Midstream Opportunity Fund has a 12 month low of $32.07 and a 12 month high of $47.40.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 21st will be given a $0.33 dividend. This represents a $3.96 annualized dividend and a yield of 8.47%. The ex-dividend date of this dividend is Thursday, November 21st.

Insider Activity at ClearBridge Energy Midstream Opportunity Fund

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 7,657 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $43.90, for a total transaction of $336,142.30. Following the completion of the sale, the insider now directly owns 65,862 shares of the company’s stock, valued at $2,891,341.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 24,024 shares of company stock valued at $1,051,375.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Several institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 60.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,044 shares of the investment management company’s stock valued at $867,000 after acquiring an additional 7,954 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of ClearBridge Energy Midstream Opportunity Fund by 75.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 10,283 shares of the investment management company’s stock valued at $454,000 after purchasing an additional 4,407 shares during the last quarter. Edgemoor Investment Advisors Inc. purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the 2nd quarter valued at $1,861,000. Bogart Wealth LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the third quarter worth $37,000. Finally, Eagle Bay Advisors LLC purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth $161,000.

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.