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 October. As of October 15th, there was short interest totaling 10,470 shares, a decline of 69.2% from the September 30th total of 34,048 shares. Based on an average daily volume of 40,954 shares, the short-interest ratio is currently 0.3 days.

ClearBridge Energy Midstream Opportunity Fund Stock Up 2.6%

Shares of EMO traded up $1.38 during trading hours on Thursday, hitting $53.63. 34,719 shares of the stock were exchanged, compared to its average volume of 48,791. The stock’s 50-day moving average price is $52.76 and its two-hundred day moving average price is $51.10. ClearBridge Energy Midstream Opportunity Fund has a 12-month low of $41.54 and a 12-month high of $56.33.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $4.92 dividend on an annualized basis and a yield of 9.2%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in ClearBridge Energy Midstream Opportunity Fund in the 1st quarter valued at approximately $26,000. Allworth Financial LP acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the second quarter worth about $30,000. Northwestern Mutual Wealth Management Co. purchased a new stake in ClearBridge Energy Midstream Opportunity Fund in the second quarter valued at approximately $197,000. MGO One Seven LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth $201,000. Finally, Arlington Capital Management Inc. purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the 2nd quarter valued at approximately $205,000.

ClearBridge Energy Midstream Opportunity Fund Company Profile

ClearBridge Energy Midstream Opportunity Fund, Inc is a non-diversified, closed-end investment company listed on the New York Stock Exchange under the symbol EMO. The fund seeks to provide investors with current income and total return by investing primarily in companies involved in the energy midstream sector.

Its portfolio generally focuses on master limited partnerships, limited liability companies and corporations that own or operate energy infrastructure. These businesses may be involved in gathering, processing, transporting, storing and marketing crude oil, natural gas, natural gas liquids and other energy commodities.