ClearBridge Energy MLP Fund Inc (CEM) Short Interest Down 58.6% in December
ClearBridge Energy MLP Fund Inc (NYSE:CEM) was the recipient of a large drop in short interest during the month of December. As of December 29th, there was short interest totalling 213,080 shares, a drop of 58.6% from the December 15th total of 514,342 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 647,332 shares, the days-to-cover ratio is currently 0.3 days.
In other ClearBridge Energy MLP Fund news, insider Chris Eades purchased 1,830 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was purchased at an average price of $13.71 per share, for a total transaction of $25,089.30. Following the transaction, the insider now owns 6,430 shares in the company, valued at approximately $88,155.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
A number of large investors have recently added to or reduced their stakes in the stock. Creative Planning bought a new stake in ClearBridge Energy MLP Fund in the 4th quarter worth approximately $242,000. Sit Investment Associates Inc. lifted its position in ClearBridge Energy MLP Fund by 12.8% in the 4th quarter. Sit Investment Associates Inc. now owns 1,393,775 shares of the investment management company’s stock worth $21,283,000 after buying an additional 158,443 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in ClearBridge Energy MLP Fund in the 3rd quarter worth approximately $481,000. Cedar Hill Associates LLC lifted its position in ClearBridge Energy MLP Fund by 47.8% in the 3rd quarter. Cedar Hill Associates LLC now owns 144,829 shares of the investment management company’s stock worth $2,149,000 after buying an additional 46,820 shares during the last quarter. Finally, NorthRock Partners LLC lifted its position in ClearBridge Energy MLP Fund by 2.7% in the 3rd quarter. NorthRock Partners LLC now owns 1,334,878 shares of the investment management company’s stock worth $19,786,000 after buying an additional 34,735 shares during the last quarter.
ClearBridge Energy MLP Fund Company Profile
ClearBridge Energy MLP Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in master limited partnerships (MLPs) in the energy sector.
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