Short Interest in MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Declines By 16.6%

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 43,100 shares, a decline of 16.6% from the January 31st total of 51,700 shares. Based on an average daily trading volume, of 221,100 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its stake in MainStay CBRE Global Infrastructure Megatrends Term Fund by 8.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,297 shares of the company’s stock worth $868,000 after purchasing an additional 5,678 shares during the period. Vista Investment Partners II LLC bought a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the 4th quarter valued at $136,000. Oppenheimer & Co. Inc. grew its position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 26.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 40,514 shares of the company’s stock worth $493,000 after buying an additional 8,600 shares during the period. Corrado Advisors LLC lifted its position in MainStay CBRE Global Infrastructure Megatrends Term Fund by 11.3% during the 4th quarter. Corrado Advisors LLC now owns 162,704 shares of the company’s stock valued at $1,980,000 after acquiring an additional 16,501 shares during the period. Finally, Wolverine Asset Management LLC increased its stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 298.7% during the fourth quarter. Wolverine Asset Management LLC now owns 153,004 shares of the company’s stock valued at $1,862,000 after purchasing an additional 114,624 shares in the last quarter.

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Down 0.1 %

NYSE:MEGI traded down $0.02 during midday trading on Friday, reaching $12.48. 228,948 shares of the stock traded hands, compared to its average volume of 182,945. The company has a fifty day moving average of $12.49 and a 200 day moving average of $13.37. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12 month low of $11.28 and a 12 month high of $14.96.

MainStay CBRE Global Infrastructure Megatrends Term Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were issued a $0.125 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.50 annualized dividend and a yield of 12.02%.

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.