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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,500 shares, a decrease 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 presently 0.0 days.

Institutional Trading of MainStay CBRE Global Infrastructure Megatrends Term Fund

A number of institutional investors have recently bought and sold shares of MEGI. Penserra Capital Management LLC grew its position in MainStay CBRE Global Infrastructure Megatrends Term Fund by 25.7% in the 3rd quarter. Penserra Capital Management LLC now owns 1,192,227 shares of the company’s stock valued at $17,776,000 after acquiring an additional 243,715 shares during the last quarter. Raymond James & Associates grew its holdings in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 7.4% in the third quarter. Raymond James & Associates now owns 1,670,790 shares of the company’s stock worth $24,911,000 after purchasing an additional 115,214 shares during the last quarter. Claro Advisors LLC increased its stake in MainStay CBRE Global Infrastructure Megatrends Term Fund by 534.3% in the 3rd quarter. Claro Advisors LLC now owns 120,068 shares of the company’s stock worth $1,790,000 after buying an additional 101,140 shares during the period. Sanctuary Advisors LLC purchased a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund in the 2nd quarter worth about $1,066,000. Finally, Wolverine Asset Management LLC purchased a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the 3rd quarter valued at about $572,000.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Down 0.2 %

Shares of NYSE MEGI traded down $0.03 during mid-day 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 company’s 50-day moving average is $12.99 and its two-hundred day moving average is $13.55.

MainStay CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.125 per share. 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.

About MainStay CBRE Global Infrastructure Megatrends Term Fund

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.