ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Short Interest Up 147.2% in May

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 10,436 shares, a growth of 147.2% from the May 14th total of 4,221 shares. Based on an average daily trading volume, of 57,371 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the first quarter worth approximately $26,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth approximately $45,000. First Community Trust NA purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth approximately $69,000. Kestra Advisory Services LLC purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth approximately $119,000. Finally, Private Advisor Group LLC purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the first quarter worth approximately $223,000.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

EMO traded up $0.07 on Friday, reaching $50.31. 27,845 shares of the company’s stock were exchanged, compared to its average volume of 56,099. ClearBridge Energy Midstream Opportunity Fund has a twelve month low of $41.54 and a twelve month high of $54.90. The stock’s fifty day moving average price is $50.40 and its 200-day moving average price is $48.87.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued 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.

About ClearBridge Energy Midstream Opportunity Fund

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.