Short Interest in MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Decreases By 42.3%

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 88,176 shares, a decrease of 42.3% from the June 30th total of 152,888 shares. Based on an average trading volume of 108,246 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of MainStay CBRE Global Infrastructure Megatrends Term Fund

Several institutional investors and hedge funds have recently bought and sold shares of MEGI. International Assets Investment Management LLC bought a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the 1st quarter valued at about $37,000. Cetera Investment Advisers bought a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund in the second quarter valued at approximately $147,000. &PARTNERS acquired a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund during the fourth quarter worth approximately $157,000. Geneos Wealth Management Inc. increased its stake in MainStay CBRE Global Infrastructure Megatrends Term Fund by 473.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 11,759 shares of the company’s stock worth $167,000 after acquiring an additional 9,709 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 7.6% in the 4th quarter. Park Avenue Securities LLC now owns 12,519 shares of the company’s stock valued at $172,000 after acquiring an additional 884 shares in the last quarter.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

Shares of MEGI traded down $0.12 during midday trading on Wednesday, reaching $15.10. The stock had a trading volume of 59,014 shares, compared to its average volume of 168,529. The firm has a 50 day simple moving average of $15.26 and a 200-day simple moving average of $14.97. MainStay CBRE Global Infrastructure Megatrends Term Fund has a one year low of $13.42 and a one year high of $15.89.

MainStay CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 9.9%.

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.