Short Interest in ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR) Declines By 80.0%

ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 200 shares, a decline of 80.0% from the February 29th total of 1,000 shares. Based on an average daily trading volume, of 17,100 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of ClearBridge MLP and Midstream Total Return Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Saba Capital Management L.P. lifted its stake in ClearBridge MLP and Midstream Total Return Fund by 15.6% in the 3rd quarter. Saba Capital Management L.P. now owns 1,028,258 shares of the investment management company’s stock valued at $32,976,000 after purchasing an additional 138,434 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in ClearBridge MLP and Midstream Total Return Fund by 11.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 257,634 shares of the investment management company’s stock valued at $8,262,000 after purchasing an additional 26,463 shares during the last quarter. Woodline Partners LP lifted its stake in ClearBridge MLP and Midstream Total Return Fund by 33.7% in the 2nd quarter. Woodline Partners LP now owns 136,197 shares of the investment management company’s stock valued at $4,322,000 after purchasing an additional 34,334 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its stake in ClearBridge MLP and Midstream Total Return Fund by 25.0% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 80,118 shares of the investment management company’s stock valued at $2,569,000 after purchasing an additional 16,008 shares during the last quarter. Finally, Sessa Capital IM L.P. bought a new position in ClearBridge MLP and Midstream Total Return Fund in the 1st quarter valued at approximately $2,043,000.

ClearBridge MLP and Midstream Total Return Fund Stock Up 0.6 %

Shares of ClearBridge MLP and Midstream Total Return Fund stock traded up $0.26 during trading on Wednesday, hitting $41.01. 8,663 shares of the stock were exchanged, compared to its average volume of 15,184. The company has a fifty day moving average price of $38.34 and a 200-day moving average price of $34.95. ClearBridge MLP and Midstream Total Return Fund has a 1-year low of $27.47 and a 1-year high of $41.15.

ClearBridge MLP and Midstream Total Return Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date was Wednesday, February 21st. ClearBridge MLP and Midstream Total Return Fund’s dividend payout ratio (DPR) is presently 195.59%.

About ClearBridge MLP and Midstream Total Return Fund

ClearBridge MLP and Midstream Total Return Fund Inc is an open ended equity mutual fund of funds launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by ClearBridge Investments, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy sector.