ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Sees Large Growth in Short Interest

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 21,984 shares, an increase of 65.1% from the June 30th total of 13,312 shares. Based on an average daily trading volume, of 43,351 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

A number of institutional investors have recently modified their holdings of the company. EP Wealth Advisors LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the fourth quarter valued at approximately $13,637,000. Nomura Holdings Inc. acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at $7,085,000. Sit Investment Associates Inc. raised its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 16.2% in the fourth quarter. Sit Investment Associates Inc. now owns 777,688 shares of the investment management company’s stock valued at $34,724,000 after acquiring an additional 108,345 shares in the last quarter. Absolute Investment Advisers LLC purchased a new position in ClearBridge Energy Midstream Opportunity Fund in the fourth quarter valued at $3,746,000. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in ClearBridge Energy Midstream Opportunity Fund by 845.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 48,981 shares of the investment management company’s stock valued at $2,187,000 after purchasing an additional 43,800 shares during the period.

ClearBridge Energy Midstream Opportunity Fund Price Performance

EMO stock traded up $0.57 during trading on Friday, reaching $51.61. 38,465 shares of the stock were exchanged, compared to its average volume of 53,410. The business has a 50 day moving average price of $50.51 and a 200-day moving average price of $50.34. 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 announced 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 yield of 8.4%.

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.