MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Short Interest Down 91.9% in December

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 1,500 shares, a decline of 91.9% from the December 15th total of 18,600 shares. Based on an average trading volume of 198,300 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On MainStay CBRE Global Infrastructure Megatrends Term Fund

A number of hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund during the 3rd quarter valued at about $151,000. Sovereign Financial Group Inc. increased its holdings in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 45.7% during the fourth quarter. Sovereign Financial Group Inc. now owns 15,368 shares of the company’s stock valued at $187,000 after acquiring an additional 4,820 shares in the last quarter. Choreo LLC acquired a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the 2nd quarter worth approximately $226,000. Capital Investment Advisors LLC boosted its stake in MainStay CBRE Global Infrastructure Megatrends Term Fund by 8.8% in the 3rd quarter. Capital Investment Advisors LLC now owns 18,225 shares of the company’s stock worth $272,000 after purchasing an additional 1,475 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund during the 3rd quarter worth approximately $572,000.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

MEGI stock traded down $0.03 during trading on Tuesday, hitting $12.11. 186,267 shares of the company’s stock traded hands, compared to its average volume of 194,508. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1 year low of $11.28 and a 1 year high of $14.96. The business has a fifty day simple moving average of $12.99 and a two-hundred day simple moving average of $13.55.

MainStay CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.125 dividend. This represents a $1.50 annualized dividend and a dividend yield of 12.39%. The ex-dividend date of this dividend was Monday, December 23rd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Company Profile

The Fund’s investment objective is to seek a high level of total return with an emphasis on current income. There is no assurance that the Fund will achieve its investment objective. Tthe Fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in securities issued by infrastructure companies.