Short Interest in ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR) Declines By 46.6%

ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR – Get Rating) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 3,900 shares, a decrease of 46.6% from the April 30th total of 7,300 shares. Based on an average trading volume of 19,400 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. increased its stake in shares of ClearBridge MLP and Midstream Total Return Fund by 69.7% in the first quarter. Advisor Group Holdings Inc. now owns 1,473 shares of the investment management company’s stock valued at $43,000 after buying an additional 605 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new position in ClearBridge MLP and Midstream Total Return Fund in the first quarter valued at about $317,000. UBS Group AG boosted its holdings in ClearBridge MLP and Midstream Total Return Fund by 9.6% in the first quarter. UBS Group AG now owns 8,636 shares of the investment management company’s stock valued at $252,000 after acquiring an additional 757 shares during the last quarter. Invesco Ltd. boosted its holdings in ClearBridge MLP and Midstream Total Return Fund by 14.4% in the first quarter. Invesco Ltd. now owns 43,204 shares of the investment management company’s stock valued at $1,261,000 after acquiring an additional 5,428 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in ClearBridge MLP and Midstream Total Return Fund by 2.1% in the first quarter. Guggenheim Capital LLC now owns 51,722 shares of the investment management company’s stock valued at $1,509,000 after acquiring an additional 1,087 shares during the last quarter.

ClearBridge MLP and Midstream Total Return Fund Stock Down 0.2 %

Shares of CTR traded down $0.06 during mid-day trading on Friday, hitting $28.32. The company’s stock had a trading volume of 9,462 shares, compared to its average volume of 17,299. ClearBridge MLP and Midstream Total Return Fund has a one year low of $23.78 and a one year high of $33.24. The stock’s 50-day moving average is $28.98 and its two-hundred day moving average is $29.56.

ClearBridge MLP and Midstream Total Return Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 23rd will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 7.91%. This is a boost from ClearBridge MLP and Midstream Total Return Fund’s previous quarterly dividend of $0.55. The ex-dividend date is Monday, May 22nd. ClearBridge MLP and Midstream Total Return Fund’s dividend payout ratio is currently 160.29%.

ClearBridge MLP and Midstream Total Return Fund Company Profile

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ClearBridge MLP & Midstream Total Return Fund, Inc operates as a non-diversified and closed-end management investment company. It offers total-return oriented portfolio of primarily energy master limited partnerships (MLPs) and midstream entities. It also engages in the provision of the opportunity for attractive, tax-deferred distributions with a combined emphasis on capital appreciation.