ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Short Interest Up 273.0% in January

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

Insider Buying and Selling

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 2,209 shares of ClearBridge Energy Midstream Opportunity Fund stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $46.04, for a total transaction of $101,702.36. Following the transaction, the insider now directly owns 28,000 shares of the company’s stock, valued at $1,289,120. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of ClearBridge Energy Midstream Opportunity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. lifted its holdings in ClearBridge Energy Midstream Opportunity Fund by 274.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 670,952 shares of the investment management company’s stock worth $28,314,000 after buying an additional 491,725 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at approximately $13,024,000. Stifel Financial Corp bought a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth $4,542,000. Franklin Resources Inc. acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the third quarter worth $3,220,000. Finally, Delphi Financial Group Inc. bought a new stake in ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at $2,648,000.

ClearBridge Energy Midstream Opportunity Fund Price Performance

EMO traded up $0.24 during trading hours on Thursday, reaching $49.73. 9,188 shares of the stock 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 firm’s fifty day simple moving average is $47.99 and its two-hundred day simple moving average is $44.13.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

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

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.