ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) Sees Significant Decrease in Short Interest

( saw a significant decline in short interest throughout the month of July. On June 30, there were 3,500 short shares. This is a significant drop from 22,400 shares on June 15. The days-to-cover is 0.1 days based on an average daily share volume of 28,000.

ClearBridge MLPs and Midstream Funds Trading Down by 2.4 %

On Friday, the stock fell $0.86 to $35.04. The company traded 35,854 of its shares, as opposed to the average volume of 38 603, a difference of $0.86. The company's 50-day moving average is $33.36, and its 200-day moving average is $33.64. A quarterly dividend was also declared by the firm and paid out on May 31st. Dividends were paid to shareholders who had their shares registered on the Tuesday, May 23, 2018. Dividend yield is 7.31%. This amounts to a $2.56 dividend annualized. Ex-dividend was on Monday, May 22nd. The dividend is up from the previous ClearBridge MLP & Midstream Fund quarterly dividend of $0.63.

Insider Buying & Selling

Saba Capital Management L.P., a major shareholder, bought 18,702 of the company stock on Wednesday, 14th June. The shares were purchased at an average price of $33.49 per stock, for a total of $626.329.98. After the completion of this transaction, the insider owns approximately $45,778,854.09 worth of stock. Insiders purchased 106 354 shares worth $3 623 798 in the last quarter.

Institutional Inflows & Outflows

CEM has been modified by several institutional investors and hedge fund recently. Penserra Capital Management LLC acquired a new position of shares in ClearBridge MLP & Midstream Fund valued at approximately $9,527,000 during the first quarter. Bank of America Corp DE increased its holdings in ClearBridge MLP Fund and Midstream Fund shares by 29.8% over the first quarter. Bank of America Corp DE owns 457.361 shares of investment management company stock worth $15,422,000, after purchasing an additional 104.961 shares during the last quarter. 1832 Asset Management L.P. acquired a new shareholding in ClearBridge MLP & Midstream Fund valued at approximately $2,483,000 during the first quarter. UBS Group AG increased its holdings in ClearBridge MLP & Midstream Fund shares by 40.8% over the 4th Quarter. UBS Group AG owns 152.347 shares worth $5,082,000, after purchasing 44.124 additional shares during the last quarter. Almitas Capital LLC acquired a new position of ClearBridge MLP & Midstream Fund shares during the fourth quarter, valued at approximately $1,016,000.

ClearBridge MLP & Midstream Fund

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ClearBridge Energy MLP Fund Inc. is a closed ended equity mutual fund that was launched and managed Legg Mason Partners Fund Advisor, LLC. Clearbridge Advisors, LLC is the co-manager. The fund invests on the US public equity markets. The fund seeks to invest in energy-related companies.

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