MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Short Interest Update

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) 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

Large investors have recently added to or reduced their stakes in the company. Raymond James & Associates grew its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 7.4% during the 3rd quarter. Raymond James & Associates now owns 1,670,790 shares of the company’s stock worth $24,911,000 after acquiring an additional 115,214 shares in the last quarter. Karpus Management Inc. grew its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 1.0% during the 1st quarter. Karpus Management Inc. now owns 909,177 shares of the company’s stock worth $11,428,000 after acquiring an additional 8,631 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 12.0% during the 1st quarter. Advisors Asset Management Inc. now owns 236,121 shares of the company’s stock worth $2,968,000 after acquiring an additional 25,381 shares in the last quarter. Alpine Global Management LLC grew its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 68.8% during the 1st quarter. Alpine Global Management LLC now owns 135,000 shares of the company’s stock worth $1,697,000 after acquiring an additional 55,000 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 93.1% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 132,623 shares of the company’s stock worth $1,699,000 after acquiring an additional 63,929 shares in the last quarter.

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.