NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Short Interest Update

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 16,290 shares, a decline of 39.1% from the August 15th total of 26,738 shares. Based on an average trading volume of 121,492 shares, the short-interest ratio is presently 0.1 days.

NYLI CBRE Global Infrastructure Megatrends Term Fund Stock Up 1.1%

MEGI stock traded up $0.16 during trading on Wednesday, reaching $14.23. The stock had a trading volume of 21,677 shares, compared to its average volume of 160,546. The stock’s 50 day moving average is $15.08 and its two-hundred day moving average is $15.09. NYLI CBRE Global Infrastructure Megatrends Term Fund has a 52 week low of $13.42 and a 52 week high of $15.89.

NYLI CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 23rd will be paid a $0.125 dividend. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date is Monday, November 23rd.

Institutional Trading of NYLI CBRE Global Infrastructure Megatrends Term Fund

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund by 7.5% during the 1st quarter. Bank of America Corp DE now owns 759,148 shares of the company’s stock worth $11,152,000 after acquiring an additional 53,185 shares during the last quarter. Sit Investment Associates Inc. purchased a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund in the 4th quarter worth $9,998,000. Absolute Investment Advisers LLC raised its holdings in NYLI CBRE Global Infrastructure Megatrends Term Fund by 24.3% in the 1st quarter. Absolute Investment Advisers LLC now owns 411,549 shares of the company’s stock worth $6,046,000 after purchasing an additional 80,361 shares during the period. Rockefeller Capital Management L.P. raised its holdings in NYLI CBRE Global Infrastructure Megatrends Term Fund by 0.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 341,768 shares of the company’s stock worth $4,703,000 after purchasing an additional 2,268 shares during the period. Finally, Fifth Third Bancorp purchased a new position in NYLI CBRE Global Infrastructure Megatrends Term Fund during the first quarter valued at $4,034,000.

NYLI CBRE Global Infrastructure Megatrends Term Fund Company Profile

NYLI 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.