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

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MEGI. XTX Topco Ltd acquired a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund during the third quarter valued at approximately $151,000. Sovereign Financial Group Inc. increased its position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 45.7% in the 4th quarter. Sovereign Financial Group Inc. now owns 15,368 shares of the company’s stock valued at $187,000 after buying an additional 4,820 shares in the last quarter. Choreo LLC raised its stake in MainStay CBRE Global Infrastructure Megatrends Term Fund by 7.5% during the 4th quarter. Choreo LLC now owns 15,906 shares of the company’s stock worth $193,000 after buying an additional 1,103 shares during the period. Capital Investment Advisors LLC lifted its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 8.8% during the third quarter. Capital Investment Advisors LLC now owns 18,225 shares of the company’s stock worth $272,000 after acquiring an additional 1,475 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund in the third quarter valued at about $572,000.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

MainStay CBRE Global Infrastructure Megatrends Term Fund stock traded up $0.08 during trading hours on Tuesday, hitting $12.48. 196,736 shares of the stock were exchanged, compared to its average volume of 201,032. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12 month low of $11.28 and a 12 month high of $14.96. The business’s 50-day moving average is $12.79 and its two-hundred day moving average is $13.53.

MainStay CBRE Global Infrastructure Megatrends Term Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 27th will be given a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 12.02%. The ex-dividend date is Monday, January 27th.

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.