Short Interest in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Drops By 54.8%

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 4,221 shares, a drop of 54.8% from the April 30th total of 9,336 shares. Based on an average daily volume of 56,464 shares, the days-to-cover ratio is presently 0.1 days.

ClearBridge Energy Midstream Opportunity Fund Price Performance

NYSE EMO traded up $0.01 during trading on Monday, reaching $49.55. The company’s stock had a trading volume of 47,862 shares, compared to its average volume of 56,848. The business has a 50-day moving average price of $50.90 and a 200-day moving average price of $48.49. ClearBridge Energy Midstream Opportunity Fund has a 1-year low of $41.54 and a 1-year high of $54.90.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%.

Institutional Trading of ClearBridge Energy Midstream Opportunity Fund

A number of institutional investors and hedge funds have recently modified their holdings of EMO. Sound Income Strategies LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the first quarter worth $26,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the fourth quarter worth $45,000. First Community Trust NA acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the fourth quarter worth $69,000. Kestra Advisory Services LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the fourth quarter worth $119,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the fourth quarter worth $189,000.

ClearBridge Energy Midstream Opportunity Fund Company Profile

ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) is a closed-end management investment company that seeks to provide a combination of current distribution income and capital appreciation. The fund primarily targets equities and equity-related securities of companies in the energy midstream sector, including entities involved in the gathering, processing, transportation and storage of natural gas, crude oil and natural gas liquids.

EMO’s portfolio typically includes common stocks, convertible securities and interests in master limited partnerships (MLPs) and other energy infrastructure partnerships.