MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Short Interest Down 19.3% in February

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 51,272 shares, a decline of 19.3% from the January 29th total of 63,562 shares. Based on an average daily volume of 222,343 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 222,343 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MEGI. Mather Group LLC. bought a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the third quarter valued at $73,000. Cetera Investment Advisers bought a new position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund in the second quarter valued at approximately $147,000. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the second quarter valued at approximately $148,000. &PARTNERS bought a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund during the fourth quarter worth approximately $157,000. Finally, Park Avenue Securities LLC bought a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund during the 3rd quarter valued at $171,000.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of NYSE:MEGI traded down $0.32 during trading on Tuesday, reaching $15.47. 232,815 shares of the company’s stock traded hands, compared to its average volume of 219,571. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12 month low of $11.40 and a 12 month high of $15.89. The company has a 50 day moving average of $14.37 and a 200-day moving average of $14.32.

MainStay CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date was Monday, February 23rd.

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.