Short Interest in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Increases By 278.0%

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 72,200 shares, an increase of 278.0% from the October 31st total of 19,100 shares. Based on an average daily volume of 43,400 shares, the short-interest ratio is currently 1.7 days.

Insider Buying and Selling at ClearBridge Energy Midstream Opportunity Fund

In related news, insider Franklin Resources Inc sold 8,467 shares of ClearBridge Energy Midstream Opportunity Fund stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $43.69, for a total value of $369,923.23. Following the transaction, the insider now owns 51,019 shares in the company, valued at $2,229,020.11. This trade represents a 14.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 24,024 shares of company stock worth $1,051,375 over the last three months.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

Hedge funds have recently bought and sold shares of the business. Gilliland Jeter Wealth Management LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth about $31,000. Bogart Wealth LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth approximately $37,000. Hobbs Group Advisors LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth approximately $68,000. Activest Wealth Management bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth approximately $95,000. Finally, Eagle Bay Advisors LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth approximately $161,000.

ClearBridge Energy Midstream Opportunity Fund Price Performance

NYSE:EMO traded up $0.82 during trading hours on Thursday, reaching $49.80. The company’s stock had a trading volume of 39,908 shares, compared to its average volume of 31,567. The firm has a 50-day simple moving average of $44.56 and a 200-day simple moving average of $42.20. ClearBridge Energy Midstream Opportunity Fund has a 1 year low of $32.21 and a 1 year high of $49.92.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a dividend of $0.33 per share. This represents a $3.96 annualized dividend and a yield of 7.95%. The ex-dividend date of this dividend is Monday, December 23rd.

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.