It is trading at $7.93 a bit lower than the 50 day moving average of $8.36 and which is slightly below the 200 day moving average of $8.79. The 50 day moving average went down by -5.15% and the 200 day average went down by -9.75%. Trading was heavy with 231K shares changing hands in the last trading session. Trading volume was up 0.36% over the stocks average daily volume. Investors are more bearish on shares of the company of late as evidenced by the rise in short interest. The company experienced a rise in short interest of 106.41% as of October 13, 2017 from the last reporting period. Short interest grew 102,986 over that timeframe.
These funds have shifted positions in (CBA). Ubs Group Ag downsized its holdings by shedding 1,691 shares a decrease of 56.8%. Ubs Group Ag now controls 1,284 shares worth $12,000. The total value of its holdings decreased 60.0%. Sit Investment Associates Inc bolstered its ownership by buying 31,803 shares an increase of 3.0% as of 09/30/2017. Sit Investment Associates Inc now holds 1,096,758 shares valued at $9,399,000. The value of the position overall is down by 1.8%.
As of quarter end Mosaic Family Wealth, LLC had bought a total of 31 shares growing its position 1.1%. The value of the company’s investment in ClearBridge American Energy MLP went from $26,000 to $25,000 a change of $1,000 quarter over quarter. Raymond James Financial Services Advisors, Inc. added to its investment by buying 5,664 shares an increase of 53.2% from 06/30/2017 to 09/30/2017. Raymond James Financial Services Advisors, Inc. currently owns 16,311 shares with a value of $140,000. The value of the position overall is up by 45.8%.
ClearBridge American Energy MLP Fund Inc. is a closed-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. It primarily invests in equity securities of MLPs that are poised to benefit from the growing production and usage of natural gas, securities of entities holding primarily general partner or managing member interests in MLPs, and securities that are derivatives of interests in MLPs such as exchange traded funds. ClearBridge American Energy MLP Fund Inc. was formed on February 21, 2013 and is domiciled in the United States..