The stock last traded at $13.41 a tad below the 50 day moving average which is $14.47 and which is quite a bit below the 200 day moving average of $15.28. The 50 day moving average went down by -7.34% whereas the 200 day average was down by -12.22%. 381K shares changed hands by the end of trading on Tuesday. Overall, volume was up 62.67% over the stocks normal daily volume. Traders are feeling more bullish lately if you watch the decrease in short interest. The firm saw a fall in short interest of -57.62% as of October 13, 2017 from the last reporting period. Short interest decreased from 37,238 to 15,781 over that timeframe.
Here are a few substantial investment firms who have updated their positions. As of quarter end Seabridge Investment Advisors LLC had acquired a total of 255 shares growing its holdings by 0.2%. The value of the company’s investment in ClearBridge Energy MLP Fund Inc decreased from $1,695,000 to $1,652,000 a change of 2.5% quarter over quarter. As of the end of the quarter Sit Investment Associates Inc had bought 50,546 shares growing its stake by 4.3%. The value of the total investment in ClearBridge Energy MLP Fund Inc went from $18,080,000 to $18,332,000 a change of $252,000 since the last quarter.
As of quarter end Mosaic Family Wealth, LLC had acquired 233 shares growing its position 1.1%. The value in dollars went from $314,000 to $309,000 decreasing 1.6% for the reporting period. As of quarter end Raymond James Financial Services Advisors, Inc. had bought a total of 9,978 shares growing its stake by 22.4%. The value of the investment in ClearBridge Energy MLP Fund Inc increased from $681,000 to $810,000 a change of 18.9% quarter to quarter.
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. The fund primarily invests in equity securities of MLPs and growth stocks of companies. It employs fundamental analysis with a bottom-up stock selection approach, focusing on companies with long-lived assets, predictable cash flows, and low direct commodity exposure to create its portfolio. ClearBridge Energy MLP Fund Inc. was formed on March 31, 2010 and is domiciled in the United States..