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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMOGet Free Report) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 12,537 shares, a growth of 53.4% from the July 30th total of 8,175 shares. Based on an average daily volume of 32,003 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EMO. Corient Private Wealth LP purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the second quarter worth about $242,000. HighTower Advisors LLC lifted its position in shares of ClearBridge Energy Midstream Opportunity Fund by 39.2% during the 2nd quarter. HighTower Advisors LLC now owns 14,714 shares of the investment management company’s stock valued at $737,000 after acquiring an additional 4,143 shares during the period. XML Financial LLC lifted its position in shares of ClearBridge Energy Midstream Opportunity Fund by 6.7% during the 2nd quarter. XML Financial LLC now owns 9,807 shares of the investment management company’s stock valued at $491,000 after acquiring an additional 616 shares during the period. Kingsview Wealth Management LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 2nd quarter worth approximately $1,982,000. Finally, Concorde Asset Management LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 2nd quarter worth approximately $363,000.

ClearBridge Energy Midstream Opportunity Fund Price Performance

EMO traded down $0.32 during trading on Wednesday, reaching $55.55. The company’s stock had a trading volume of 6,876 shares, compared to its average volume of 51,247. ClearBridge Energy Midstream Opportunity Fund has a 52-week low of $41.54 and a 52-week high of $56.19. The company’s fifty day moving average price is $52.01 and its 200-day moving average price is $51.28.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a dividend of $0.41 per share. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend is Friday, November 20th.

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.

Further Reading

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