ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Stock Short Interest Falls 69.2%

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 10,470 shares, a drop of 69.2% from the September 30th total of 34,048 shares. Based on an average daily volume of 40,954 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

Several large investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 3.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 14,835 shares of the investment management company’s stock valued at $744,000 after buying an additional 563 shares during the period. Arlington Capital Management Inc. purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the second quarter worth about $205,000. Integrated Wealth Concepts LLC increased its holdings in ClearBridge Energy Midstream Opportunity Fund by 19.3% in the second quarter. Integrated Wealth Concepts LLC now owns 9,144 shares of the investment management company’s stock valued at $458,000 after buying an additional 1,482 shares in the last quarter. Corient Private Wealth LP acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 2nd quarter valued at approximately $242,000. Finally, HighTower Advisors LLC boosted its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 39.2% during the 2nd quarter. HighTower Advisors LLC now owns 14,714 shares of the investment management company’s stock worth $737,000 after acquiring an additional 4,143 shares in the last quarter.

ClearBridge Energy Midstream Opportunity Fund Price Performance

Shares of EMO stock opened at $51.93 on Wednesday. The stock has a 50 day moving average price of $52.82 and a 200 day moving average price of $51.02. ClearBridge Energy Midstream Opportunity Fund has a 52-week low of $41.54 and a 52-week high of $56.33.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a $0.41 dividend. This represents a $4.92 annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend is Friday, November 20th.

ClearBridge Energy Midstream Opportunity Fund Company Profile

ClearBridge Energy Midstream Opportunity Fund, Inc is a publicly traded closed-end investment company listed on the New York Stock Exchange under the symbol EMO. The fund is designed to provide investors with exposure to the energy infrastructure sector through investments in companies involved in the transportation, storage, processing and gathering of energy commodities.

The fund primarily invests in midstream energy businesses, including master limited partnerships and other publicly traded entities that own or operate pipelines, terminals, storage facilities, natural gas processing assets and related infrastructure.