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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 19,100 shares, an increase of 172.9% from the October 15th total of 7,000 shares. Based on an average trading volume of 38,100 shares, the short-interest ratio is currently 0.5 days.

Insiders Place Their Bets

In related news, insider Franklin Resources Inc sold 7,900 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $43.71, for a total value of $345,309.00. Following the sale, the insider now owns 36,519 shares in the company, valued at approximately $1,596,245.49. This trade represents a 17.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 24,024 shares of company stock worth $1,051,375 over the last 90 days.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Several hedge funds and other institutional investors have recently modified their holdings of EMO. Advisors Asset Management Inc. raised its holdings in ClearBridge Energy Midstream Opportunity Fund by 274.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 670,952 shares of the investment management company’s stock worth $28,314,000 after purchasing an additional 491,725 shares in the last quarter. Delphi Financial Group Inc. bought a new position in ClearBridge Energy Midstream Opportunity Fund in the third quarter worth about $2,648,000. Landscape Capital Management L.L.C. lifted its holdings in ClearBridge Energy Midstream Opportunity Fund by 598.2% in the third quarter. Landscape Capital Management L.L.C. now owns 69,516 shares of the investment management company’s stock worth $2,934,000 after buying an additional 59,560 shares during the period. Oxbow Advisors LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at approximately $2,186,000. Finally, Tradewinds LLC. purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth approximately $2,047,000.

ClearBridge Energy Midstream Opportunity Fund Price Performance

EMO stock opened at $46.94 on Friday. ClearBridge Energy Midstream Opportunity Fund has a one year low of $32.17 and a one year high of $47.40. The company’s 50 day moving average price is $43.07 and its two-hundred day moving average price is $41.73.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, November 21st. This represents a $3.96 annualized dividend and a yield of 8.44%.

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.