MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Short Interest Up 78.5% in January

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 63,562 shares, an increase of 78.5% from the January 15th total of 35,615 shares. Based on an average daily volume of 223,445 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 223,445 shares, the short-interest ratio is presently 0.3 days.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of NYSE:MEGI traded up $0.34 during midday trading on Friday, hitting $15.41. The stock had a trading volume of 302,674 shares, compared to its average volume of 216,292. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12 month low of $11.40 and a 12 month high of $15.41. The business’s 50-day simple moving average is $13.96 and its 200-day simple moving average is $14.24.

MainStay CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be given a $0.125 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is Monday, February 23rd.

Institutional Investors Weigh In On MainStay CBRE Global Infrastructure Megatrends Term Fund

Hedge funds have recently bought and sold shares of the company. Morgan Stanley grew its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 11.3% during the fourth quarter. Morgan Stanley now owns 5,769,365 shares of the company’s stock worth $79,386,000 after purchasing an additional 584,119 shares during the period. Raymond James Financial Inc. lifted its position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 5.1% in the third quarter. Raymond James Financial Inc. now owns 2,465,902 shares of the company’s stock valued at $36,199,000 after buying an additional 120,525 shares during the last quarter. Penserra Capital Management LLC lifted its position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 3.0% in the second quarter. Penserra Capital Management LLC now owns 1,322,582 shares of the company’s stock valued at $18,793,000 after buying an additional 39,092 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 7.9% during the 3rd quarter. Bank of America Corp DE now owns 724,116 shares of the company’s stock worth $10,630,000 after acquiring an additional 52,948 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 2.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 333,086 shares of the company’s stock worth $4,733,000 after acquiring an additional 7,881 shares during the last quarter.

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.