ClearBridge MLP and Midstream Fund Inc (NYSE:CEM – Get Rating) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 18,100 shares, a drop of 27.3% from the April 15th total of 24,900 shares. Based on an average daily volume of 59,500 shares, the short-interest ratio is currently 0.3 days.
CEM opened at $32.03 on Friday. ClearBridge MLP and Midstream Fund has a 1 year low of $24.50 and a 1 year high of $37.99. The stock has a fifty day moving average price of $33.44 and a 200 day moving average price of $30.65.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Monday, May 23rd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 20th. This is a positive change from ClearBridge MLP and Midstream Fund’s previous quarterly dividend of $0.49. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.49%.
ClearBridge MLP and Midstream Fund Company Profile (Get Rating)
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.
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