ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Short Interest Up 69.0% in February

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 14,700 shares, a growth of 69.0% from the February 13th total of 8,700 shares. Based on an average daily volume of 45,100 shares, the days-to-cover ratio is currently 0.3 days.

ClearBridge Energy Midstream Opportunity Fund Stock Up 1.5 %

NYSE EMO traded up $0.70 on Friday, reaching $47.85. The company had a trading volume of 46,672 shares, compared to its average volume of 36,450. ClearBridge Energy Midstream Opportunity Fund has a 1 year low of $36.71 and a 1 year high of $51.87. The firm has a 50-day moving average of $48.90 and a 200-day moving average of $46.04.

ClearBridge Energy Midstream Opportunity Fund Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a dividend of $0.36 per share. This is a boost from ClearBridge Energy Midstream Opportunity Fund’s previous dividend of $0.33. The ex-dividend date of this dividend is Monday, March 24th.

Insider Transactions at ClearBridge Energy Midstream Opportunity Fund

In other news, insider Franklin Resources Inc sold 2,209 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $46.04, for a total transaction of $101,702.36. Following the completion of the sale, the insider now owns 28,000 shares in the company, valued at approximately $1,289,120. The trade was a 7.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Several institutional investors and hedge funds have recently made changes to their positions in EMO. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter valued at approximately $42,000. Hobbs Group Advisors LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at approximately $68,000. Activest Wealth Management acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at approximately $95,000. Noble Wealth Management PBC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter valued at approximately $157,000. Finally, Stephens Inc. AR acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter valued at approximately $204,000.

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.