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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) saw a large increase in short interest in the month of 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 daily volume of 38,100 shares, the days-to-cover ratio is presently 0.5 days.

ClearBridge Energy Midstream Opportunity Fund Stock Up 0.6 %

Shares of NYSE EMO opened at $46.94 on Friday. ClearBridge Energy Midstream Opportunity Fund has a 1 year low of $32.17 and a 1 year high of $47.40. The stock’s 50-day simple moving average is $43.07 and its 200-day simple moving average is $41.73.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

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

Insiders Place Their Bets

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 7,657 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $43.90, for a total transaction of $336,142.30. Following the transaction, the insider now owns 65,862 shares in the company, valued at $2,891,341.80. The trade was a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 24,024 shares of company stock valued at $1,051,375 in the last quarter.

Institutional Trading of ClearBridge Energy Midstream Opportunity Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gilliland Jeter Wealth Management LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at about $31,000. Bogart Wealth LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at approximately $37,000. Robinson Capital Management LLC grew its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 14.7% during the first quarter. Robinson Capital Management LLC now owns 15,600 shares of the investment management company’s stock valued at $637,000 after purchasing an additional 2,000 shares during the last quarter. Activest Wealth Management bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at approximately $95,000. Finally, Eagle Bay Advisors LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at approximately $161,000.

About ClearBridge Energy Midstream Opportunity Fund

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.