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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 35,615 shares, an increase of 192.4% from the December 31st total of 12,181 shares. Based on an average trading volume of 203,239 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 203,239 shares, the short-interest ratio is currently 0.2 days.

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Down 0.1%

NYSE:MEGI opened at $14.29 on Friday. The business’s fifty day moving average is $13.84 and its 200 day moving average is $14.21. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52-week low of $11.40 and a 52-week high of $15.05.

MainStay CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be issued a $0.125 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Monday, February 23rd.

Institutional Trading of MainStay CBRE Global Infrastructure Megatrends Term Fund

Large investors have recently modified their holdings of the business. Accredited Investor Services LLC lifted its holdings in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 14.1% during the 3rd quarter. Accredited Investor Services LLC now owns 16,348 shares of the company’s stock worth $240,000 after acquiring an additional 2,014 shares during the last quarter. Mather Group LLC. purchased a new position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund in the third quarter worth about $73,000. Stolper Co purchased a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund in the 3rd quarter worth approximately $951,000. Dymon Asia Capital Singapore PTE. LTD. bought a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the second quarter valued at approximately $148,000. Finally, M Holdings Securities Inc. purchased a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund during the 2nd quarter valued at $292,000.

MainStay CBRE Global Infrastructure Megatrends Term Fund Company Profile

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) is a closed-end term fund that seeks to deliver total return through a combination of income and capital appreciation by investing primarily in global infrastructure securities. The fund targets companies involved in the development, ownership, or operation of transportation networks, energy and utility systems, digital infrastructure and related megatrends. By focusing on essential assets that underpin long-term economic growth, MEGI aims to generate a stable income stream while capturing opportunities for capital gains.

Launched in 2021, MEGI employs a thematic investment approach managed by CBRE Clarion Securities’ dedicated infrastructure equity team.