Short Interest in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Expands By 19.3%

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 19,800 shares, an increase of 19.3% from the January 15th total of 16,600 shares. Based on an average daily trading volume, of 48,200 shares, the days-to-cover ratio is presently 0.4 days.

ClearBridge Energy Midstream Opportunity Fund Price Performance

EMO stock opened at $49.60 on Monday. The company’s 50-day moving average is $48.03 and its 200-day moving average is $44.89. ClearBridge Energy Midstream Opportunity Fund has a 1 year low of $35.43 and a 1 year high of $51.87.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The company also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Monday, January 27th were issued a $0.33 dividend. The ex-dividend date was Friday, January 24th. This represents a yield of 7.75%.

Insider Buying and Selling at ClearBridge Energy Midstream Opportunity Fund

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 2,610 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $47.43, for a total value of $123,792.30. Following the completion of the sale, the insider now directly owns 32,909 shares in the company, valued at approximately $1,560,873.87. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

A number of hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter worth approximately $1,030,000. JPMorgan Chase & Co. increased its stake in ClearBridge Energy Midstream Opportunity Fund by 512.6% during the 3rd 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. Janney Montgomery Scott LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth $220,000. Chicago Partners Investment Group LLC lifted its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 75.0% in the third quarter. Chicago Partners Investment Group LLC now owns 10,283 shares of the investment management company’s stock valued at $454,000 after buying an additional 4,407 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at about $633,000.

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.