ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Short Interest Update

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 6,300 shares, a decrease of 52.6% from the November 30th total of 13,300 shares. Based on an average daily trading volume, of 47,800 shares, the days-to-cover ratio is currently 0.1 days.

ClearBridge Energy Midstream Opportunity Fund Price Performance

Shares of NYSE:EMO traded up $0.10 on Friday, reaching $45.93. 9,543 shares of the company traded hands, compared to its average volume of 32,858. The company’s 50 day moving average is $46.46 and its 200-day moving average is $42.92. ClearBridge Energy Midstream Opportunity Fund has a fifty-two week low of $33.71 and a fifty-two week high of $50.73.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 8.62%.

Insider Activity at ClearBridge Energy Midstream Opportunity Fund

In related news, insider Franklin Resources Inc sold 8,467 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $43.69, for a total transaction of $369,923.23. Following the completion of the sale, the insider now directly owns 51,019 shares in the company, valued at approximately $2,229,020.11. This trade represents a 14.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 28,843 shares of company stock valued at $1,276,869 over the last 90 days.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 512.6% in the third quarter. JPMorgan Chase & Co. now owns 12,705 shares of the investment management company’s stock valued at $536,000 after purchasing an additional 10,631 shares in the last quarter. Franklin Resources Inc. purchased a new stake in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth about $3,220,000. Hobbs Group Advisors LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth about $68,000. Sunbelt Securities Inc. purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at about $218,000. Finally, M&T Bank Corp acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at about $798,000.

ClearBridge Energy Midstream Opportunity Fund Company Profile

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.