ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Sees Significant Decline in Short Interest

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 8,175 shares, a decrease of 62.8% from the July 15th total of 21,984 shares. Based on an average daily trading volume, of 37,659 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

Hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new position in ClearBridge Energy Midstream Opportunity Fund in the 1st quarter worth about $26,000. Allworth Financial LP purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the second quarter valued at about $30,000. Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the fourth quarter worth about $45,000. Kestra Advisory Services LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the fourth quarter worth about $119,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the second quarter worth approximately $197,000.

ClearBridge Energy Midstream Opportunity Fund Price Performance

Shares of NYSE:EMO traded up $0.39 on Friday, reaching $53.37. 27,727 shares of the company traded hands, compared to its average volume of 52,026. ClearBridge Energy Midstream Opportunity Fund has a fifty-two week low of $41.54 and a fifty-two week high of $54.90. The company’s 50 day moving average is $50.81 and its 200-day moving average is $50.71.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%.

About ClearBridge Energy Midstream Opportunity Fund

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.