MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Sees Significant Growth in Short Interest

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

Institutional Trading of MainStay CBRE Global Infrastructure Megatrends Term Fund

Institutional investors have recently made changes to their positions in the company. Absolute Investment Advisers LLC bought a new position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the fourth quarter valued at about $4,511,000. Shaker Financial Services LLC purchased a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the 4th quarter valued at about $431,000. Merit Financial Group LLC lifted its position in shares of 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 buying an additional 1,358 shares in the last quarter. Choreo LLC boosted its stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 6.2% in the 4th quarter. Choreo LLC now owns 26,530 shares of the company’s stock worth $369,000 after buying an additional 1,551 shares during the last quarter. Finally, Sovran Advisors LLC boosted its stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 23.2% in the 4th quarter. Sovran Advisors LLC now owns 100,486 shares of the company’s stock worth $1,397,000 after buying an additional 18,893 shares during the last quarter.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of MainStay CBRE Global Infrastructure Megatrends Term Fund stock opened at $14.04 on Thursday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52 week low of $11.40 and a 52 week high of $15.05. The business has a 50 day moving average price of $13.81 and a 200-day moving average price of $14.21.

MainStay CBRE Global Infrastructure Megatrends Term Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 23rd will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, February 23rd. This represents a c) annualized dividend and a yield of 10.7%.

About MainStay CBRE Global Infrastructure Megatrends Term Fund

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.