ClearBridge Energy MLP Total Re (CTR) Reaches New 52-Week Low

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The company is trading down from yesterday’s close of 11.91. It is trading at $11.76 a tad below the 50 day moving average of $12.35 and a bit lower than the 200 day moving average of $12.72. The 50 day moving average was down by -4.74% whereas the 200 day moving average was down $-0.96 or -7.53%.

Traders are feeling more bearish on ClearBridge Energy MLP Total Re of late considering the uptick in short interest. The stock had a rise in short interest of 220.52% as of September 29, 2017 from the last reporting period. Short shares increased from 21,973 to 70,428 over that period.

ClearBridge Energy MLP 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. It primarily invests in equity securities of MLPs, stocks 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 Energy MLP Total Return Fund Inc. was formed on April 10, 2012 and is domiciled in the United States..

A few notable investment firms have updated their holdings. Raymond James Financial Services Advisors, Inc. expanded its position by buying 3,749 shares an increase of 6.0% as of 06/30/2017. Raymond James Financial Services Advisors, Inc. now controls 66,505 shares valued at $849,000. The value of the position overall is down by 0.8%. As of the end of the quarter Oxbow Advisors, LLC had bought 23,864 shares growing its position 3.0%. The value of the investment in CTR went from $10,798,000 to $10,414,000 a change of $384,000 since the last quarter.

Ubs Group Ag trimmed its investment by shedding 89,380 shares a decrease of 97.2%. Ubs Group Ag currently owns 2,569 shares worth $33,000. The total value of its holdings decreased 97.4%. Sit Investment Associates Inc augmented its ownership by buying 2,085 shares an increase of 0.3% in the quarter. Sit Investment Associates Inc now holds 632,158 shares with a value of $8,035,000. The total value of its holdings decreased 0.1%.

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