Short Interest in MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Decreases By 38.1%

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 12,181 shares, a decline of 38.1% from the December 15th total of 19,673 shares. Based on an average daily trading volume, of 233,898 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 233,898 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of institutional investors have recently added to or reduced their stakes in MEGI. Stolper Co increased its position in MainStay CBRE Global Infrastructure Megatrends Term Fund by 1.3% in the 4th quarter. Stolper Co now owns 65,584 shares of the company’s stock valued at $902,000 after acquiring an additional 820 shares during the period. Park Avenue Securities LLC grew 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 worth $172,000 after purchasing an additional 884 shares during the last quarter. Daymark Wealth Partners LLC increased its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 2.5% in the fourth quarter. Daymark Wealth Partners LLC now owns 37,536 shares of the company’s stock valued at $516,000 after purchasing an additional 911 shares during the period. Accredited Investor Services LLC raised its position in MainStay CBRE Global Infrastructure Megatrends Term Fund by 11.9% during the 2nd quarter. Accredited Investor Services LLC now owns 14,334 shares of the company’s stock worth $204,000 after purchasing an additional 1,519 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 8.5% during the 3rd quarter. Merit Financial Group LLC now owns 22,100 shares of the company’s stock worth $324,000 after buying an additional 1,727 shares during the period.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

Shares of MEGI remained flat at $13.90 during trading hours on Friday. The stock had a trading volume of 278,768 shares, compared to its average volume of 210,061. MainStay CBRE Global Infrastructure Megatrends Term Fund has a one year low of $11.40 and a one year high of $15.05. The stock has a 50 day moving average price of $13.83 and a 200-day moving average price of $14.22.

MainStay CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be issued a dividend of $0.125 per share. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date is Monday, February 23rd.

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.