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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 19,100 shares, an increase of 172.9% from the October 15th total of 7,000 shares. Based on an average trading volume of 38,100 shares, the days-to-cover ratio is presently 0.5 days.

Insider Buying and Selling

In related news, insider Franklin Resources Inc sold 7,657 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $43.90, for a total value of $336,142.30. Following the sale, the insider now owns 65,862 shares in the company, valued at $2,891,341.80. This represents a 10.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 24,024 shares of company stock worth $1,051,375 in the last three months.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Several hedge funds and other institutional investors have recently bought and sold shares of EMO. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at about $31,000. Bogart Wealth LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund in the third quarter worth approximately $37,000. Activest Wealth Management bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at $95,000. Eagle Bay Advisors LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth $161,000. Finally, Private Trust Co. NA bought a new position in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth $232,000.

ClearBridge Energy Midstream Opportunity Fund Stock Up 0.6 %

EMO opened at $46.94 on Friday. ClearBridge Energy Midstream Opportunity Fund has a 1 year low of $32.17 and a 1 year high of $47.40. The stock has a 50-day moving average price of $43.07 and a 200-day moving average price of $41.73.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be issued a $0.33 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date of this dividend is Thursday, November 21st.

About ClearBridge Energy Midstream Opportunity Fund

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.