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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMOGet Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 35,479 shares, an increase of 183.0% from the August 15th total of 12,537 shares. Based on an average trading volume of 40,288 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of ClearBridge Energy Midstream Opportunity Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sit Investment Associates Inc. boosted its position in ClearBridge Energy Midstream Opportunity Fund by 16.2% during the 4th quarter. Sit Investment Associates Inc. now owns 777,688 shares of the investment management company’s stock valued at $34,724,000 after buying an additional 108,345 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter worth about $14,903,000. Royal Bank of Canada grew its holdings in ClearBridge Energy Midstream Opportunity Fund by 0.9% in the first quarter. Royal Bank of Canada now owns 270,443 shares of the investment management company’s stock worth $14,284,000 after purchasing an additional 2,281 shares during the period. Bank of America Corp DE purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter worth approximately $9,772,000. Finally, Edgemoor Investment Advisors Inc. increased its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 36.8% during the fourth quarter. Edgemoor Investment Advisors Inc. now owns 73,906 shares of the investment management company’s stock valued at $3,300,000 after acquiring an additional 19,899 shares in the last quarter.

ClearBridge Energy Midstream Opportunity Fund Price Performance

Shares of NYSE:EMO traded down $0.40 during trading on Monday, reaching $54.63. The company had a trading volume of 23,584 shares, compared to its average volume of 51,004. ClearBridge Energy Midstream Opportunity Fund has a 12 month low of $41.54 and a 12 month high of $56.33. The company has a fifty day moving average of $53.00 and a two-hundred day moving average of $51.54.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) annualized dividend and a yield of 9.0%.

ClearBridge Energy Midstream Opportunity Fund Company Profile

(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.

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