ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) Short Interest Up 1,585.7% in August

ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 11,800 shares, a growth of 1,585.7% from the July 31st total of 700 shares. Based on an average trading volume of 32,600 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On ClearBridge MLP and Midstream Fund

Hedge funds have recently bought and sold shares of the company. Hobbs Group Advisors LLC acquired a new stake in ClearBridge MLP and Midstream Fund during the 2nd quarter worth about $127,000. Mather Group LLC. acquired a new stake in ClearBridge MLP and Midstream Fund during the second quarter worth approximately $98,000. Alpine Global Management LLC grew its stake in ClearBridge MLP and Midstream Fund by 33.5% during the first quarter. Alpine Global Management LLC now owns 90,000 shares of the investment management company’s stock worth $4,120,000 after purchasing an additional 22,600 shares during the period. Kayne Anderson Capital Advisors LP increased its holdings in ClearBridge MLP and Midstream Fund by 37.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 48,048 shares of the investment management company’s stock worth $2,200,000 after purchasing an additional 13,208 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in ClearBridge MLP and Midstream Fund in the first quarter valued at approximately $269,000.

ClearBridge MLP and Midstream Fund Price Performance

NYSE:CEM opened at $44.27 on Wednesday. ClearBridge MLP and Midstream Fund has a fifty-two week low of $33.11 and a fifty-two week high of $48.61. The company has a 50 day simple moving average of $44.93 and a two-hundred day simple moving average of $45.13.

ClearBridge MLP and Midstream Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 6.96%. The ex-dividend date of this dividend is Wednesday, August 14th.

ClearBridge MLP and Midstream Fund Company Profile

ClearBridge Energy MLP 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 Advisors, 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.