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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 4,221 shares, a decline of 54.8% from the April 30th total of 9,336 shares. Based on an average daily trading volume, of 56,464 shares, the short-interest ratio is presently 0.1 days.

ClearBridge Energy Midstream Opportunity Fund Stock Up 0.8%

Shares of NYSE:EMO traded up $0.38 during trading hours on Tuesday, hitting $49.97. 58,631 shares of the company’s stock traded hands, compared to its average volume of 56,865. ClearBridge Energy Midstream Opportunity Fund has a 1 year low of $41.54 and a 1 year high of $54.90. The business has a fifty day moving average price of $50.90 and a 200-day moving average price of $48.49.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm 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 dividend of $0.36 per share. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Monday, August 24th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Penserra Capital Management LLC bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at approximately $5,844,000. Terril Brothers Inc. grew its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 124.6% during the fourth quarter. Terril Brothers Inc. now owns 51,047 shares of the investment management company’s stock valued at $2,279,000 after buying an additional 28,323 shares during the last quarter. Absolute Investment Advisers LLC purchased a new stake in ClearBridge Energy Midstream Opportunity Fund in the fourth quarter valued at $3,746,000. 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 last quarter. Finally, Edgemoor Investment Advisors Inc. boosted its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 36.8% during the 4th quarter. Edgemoor Investment Advisors Inc. now owns 73,906 shares of the investment management company’s stock worth $3,300,000 after acquiring an additional 19,899 shares in the last quarter.

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.