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


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ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 30,800 shares, an increase of 32.8% from the March 15th total of 23,200 shares. Based on an average daily trading volume, of 63,300 shares, the short-interest ratio is currently 0.5 days.

Institutional investors and hedge funds have recently made changes to their positions in the business. RMB Capital Management LLC lifted its stake in ClearBridge Energy Midstream Opportunity Fund by 17.8% during the fourth quarter. RMB Capital Management LLC now owns 136,062 shares of the investment management company’s stock worth $1,827,000 after purchasing an additional 20,565 shares during the period. Matisse Capital bought a new position in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth about $3,965,000. Quantedge Capital Pte Ltd bought a new position in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth about $3,390,000. McGowan Group Asset Management Inc. lifted its stake in ClearBridge Energy Midstream Opportunity Fund by 2.2% during the fourth quarter. McGowan Group Asset Management Inc. now owns 803,021 shares of the investment management company’s stock worth $10,785,000 after purchasing an additional 17,073 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth about $67,000.

Shares of NYSE EMO traded down $0.26 during mid-day trading on Friday, hitting $19.12. The company had a trading volume of 40,630 shares, compared to its average volume of 64,779. The business’s 50-day simple moving average is $18.62 and its 200-day simple moving average is $14.61. ClearBridge Energy Midstream Opportunity Fund has a 12 month low of $8.15 and a 12 month high of $19.50.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 26th. Shareholders of record on Friday, February 19th were paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date was Thursday, February 18th.

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.

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