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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 23,500 shares, an increase of 273.0% from the December 15th total of 6,300 shares. Based on an average daily trading volume, of 48,300 shares, the days-to-cover ratio is currently 0.5 days.

Insiders Place Their Bets

In other news, insider Franklin Resources Inc sold 7,900 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $43.71, for a total value of $345,309.00. Following the completion of the sale, the insider now directly owns 36,519 shares of the company’s stock, valued at approximately $1,596,245.49. This trade represents a 17.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 12,719 shares of company stock worth $570,804.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of 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 buying an additional 10,631 shares in the last quarter. Franklin Resources Inc. purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at about $3,220,000. Hobbs Group Advisors LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth about $68,000. Sunbelt Securities Inc. purchased a new stake in ClearBridge Energy Midstream Opportunity Fund in the third quarter worth about $218,000. Finally, M&T Bank Corp bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at approximately $798,000.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

ClearBridge Energy Midstream Opportunity Fund stock traded up $0.19 during trading hours on Wednesday, hitting $49.64. 32,490 shares of the stock traded hands, compared to its average volume of 59,788. ClearBridge Energy Midstream Opportunity Fund has a one year low of $33.71 and a one year high of $50.73. The firm’s 50-day moving average price is $47.32 and its two-hundred day moving average price is $43.43.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $3.96 annualized dividend and a dividend yield of 7.98%.

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.