MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Short Interest Up 87.1% in May

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 90,542 shares, an increase of 87.1% from the April 30th total of 48,387 shares. Based on an average daily volume of 147,250 shares, the short-interest ratio is currently 0.6 days.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

NYSE MEGI opened at $15.03 on Thursday. The company’s 50-day moving average price is $15.05 and its 200-day moving average price is $14.57. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12 month low of $13.42 and a 12 month high of $15.89.

MainStay CBRE Global Infrastructure Megatrends Term Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 22nd were issued a $0.125 dividend. The ex-dividend date was Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Stolper Co grew its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 1.3% during the 4th quarter. Stolper Co now owns 65,584 shares of the company’s stock worth $902,000 after acquiring an additional 820 shares in the last quarter. Park Avenue Securities LLC grew its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 7.6% during the 4th quarter. Park Avenue Securities LLC now owns 12,519 shares of the company’s stock worth $172,000 after acquiring an additional 884 shares in the last quarter. Daymark Wealth Partners LLC grew its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 2.5% during the 4th quarter. Daymark Wealth Partners LLC now owns 37,536 shares of the company’s stock worth $516,000 after acquiring an additional 911 shares in the last quarter. Merit Financial Group LLC grew its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 6.1% during the 4th quarter. Merit Financial Group LLC now owns 23,458 shares of the company’s stock worth $323,000 after acquiring an additional 1,358 shares in the last quarter. Finally, Choreo LLC grew its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 6.2% during the 4th quarter. Choreo LLC now owns 26,530 shares of the company’s stock worth $369,000 after acquiring an additional 1,551 shares in 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.