MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI – Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 15,500 shares, a decrease of 51.6% from the September 30th total of 32,000 shares. Based on an average trading volume of 114,200 shares, the short-interest ratio is presently 0.1 days.
MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance
MEGI remained flat at $14.23 during trading hours on Friday. 88,890 shares of the company were exchanged, compared to its average volume of 136,814. The business’s fifty day moving average price is $14.31 and its two-hundred day moving average price is $13.34. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1-year low of $10.75 and a 1-year high of $14.96.
MainStay CBRE Global Infrastructure Megatrends Term Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 24th will be issued a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 10.54%. The ex-dividend date is Thursday, October 24th.
Institutional Investors Weigh In On MainStay CBRE Global Infrastructure Megatrends Term Fund
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.
Further Reading
- Five stocks we like better than MainStay CBRE Global Infrastructure Megatrends Term Fund
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Stock Sentiment Analysis: How it Works
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- How to Calculate Inflation Rate
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for MainStay CBRE Global Infrastructure Megatrends Term Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MainStay CBRE Global Infrastructure Megatrends Term Fund and related companies with MarketBeat.com's FREE daily email newsletter.