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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 23,500 shares, an increase of 273.0% from the December 31st total of 6,300 shares. Based on an average daily volume of 48,300 shares, the days-to-cover ratio is presently 0.5 days.

Insider Transactions at ClearBridge Energy Midstream Opportunity Fund

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 2,209 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $46.04, for a total transaction of $101,702.36. Following the sale, the insider now directly owns 28,000 shares in the company, valued at approximately $1,289,120. The trade was a 7.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Trading of ClearBridge Energy Midstream Opportunity Fund

A number of hedge funds and other institutional investors have recently modified their holdings of EMO. Stephens Inc. AR bought a new stake in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth approximately $204,000. Calamos Advisors LLC boosted its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 23.8% during the 4th quarter. Calamos Advisors LLC now owns 13,312 shares of the investment management company’s stock worth $620,000 after acquiring an additional 2,560 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 6.9% in the 4th quarter. DAVENPORT & Co LLC now owns 13,875 shares of the investment management company’s stock worth $646,000 after acquiring an additional 900 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth $677,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter valued at $220,000.

ClearBridge Energy Midstream Opportunity Fund Price Performance

Shares of NYSE EMO traded up $0.24 during mid-day trading on Thursday, reaching $49.73. 9,188 shares of the company traded hands, compared to its average volume of 49,489. ClearBridge Energy Midstream Opportunity Fund has a fifty-two week low of $35.00 and a fifty-two week high of $51.87. The stock has a fifty day simple moving average of $47.99 and a 200-day simple moving average of $44.13.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 27th will be given a dividend of $0.33 per share. This represents a dividend yield of 7.75%. The ex-dividend date of this dividend is Friday, January 24th.

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.