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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 8,700 shares, a decline of 56.1% from the January 31st total of 19,800 shares. Based on an average daily volume of 46,300 shares, the short-interest ratio is presently 0.2 days.

Insider Buying and Selling at ClearBridge Energy Midstream Opportunity Fund

In other news, insider Franklin Resources Inc sold 2,209 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $46.04, for a total transaction of $101,702.36. Following the sale, the insider now directly owns 28,000 shares in the company, valued at approximately $1,289,120. This represents a 7.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

Large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in ClearBridge Energy Midstream Opportunity Fund by 274.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 670,952 shares of the investment management company’s stock worth $28,314,000 after buying an additional 491,725 shares in the last quarter. Raymond James Financial Inc. acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth $29,885,000. EP Wealth Advisors LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth $13,024,000. Wells Fargo & Company MN raised its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 1.0% during the fourth quarter. Wells Fargo & Company MN now owns 188,815 shares of the investment management company’s stock valued at $8,787,000 after purchasing an additional 1,795 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund in the fourth quarter worth about $6,504,000.

ClearBridge Energy Midstream Opportunity Fund Stock Up 1.9 %

Shares of NYSE EMO opened at $49.16 on Friday. ClearBridge Energy Midstream Opportunity Fund has a 1-year low of $36.71 and a 1-year high of $51.87. The business’s fifty day moving average price is $48.63 and its two-hundred day moving average price is $45.51.

ClearBridge Energy Midstream Opportunity Fund Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be paid a dividend of $0.36 per share. This is a positive change from ClearBridge Energy Midstream Opportunity Fund’s previous dividend of $0.33. The ex-dividend date of this dividend is Monday, March 24th.

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.