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 drop in short interest during the month of July. As of July 15th, there was short interest totaling 88,176 shares, a drop of 42.3% from the June 30th total of 152,888 shares. Based on an average trading volume of 108,246 shares, the short-interest ratio is currently 0.8 days.

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

Several large investors have recently added to or reduced their stakes in MEGI. International Assets Investment Management LLC acquired a new position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the first quarter valued at $37,000. Cetera Investment Advisers acquired a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund during the 2nd quarter valued at about $147,000. &PARTNERS bought a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund in the 4th quarter worth about $157,000. Geneos Wealth Management Inc. grew its position in MainStay CBRE Global Infrastructure Megatrends Term Fund by 473.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 11,759 shares of the company’s stock worth $167,000 after purchasing an additional 9,709 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 7.6% in the fourth quarter. Park Avenue Securities LLC now owns 12,519 shares of the company’s stock valued at $172,000 after purchasing an additional 884 shares during the period.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Up 1.9%

Shares of NYSE:MEGI traded up $0.28 during trading on Thursday, hitting $15.36. 150,868 shares of the company traded hands, compared to its average volume of 168,680. The business’s fifty day moving average is $15.25 and its 200-day moving average is $14.98. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given 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 9.8%.

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.