Short Interest in MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Decreases By 75.6%

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 21,539 shares, a drop of 75.6% from the July 15th total of 88,176 shares. Based on an average trading volume of 130,088 shares, the short-interest ratio is currently 0.2 days.

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

A number of large investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund in the 1st quarter valued at approximately $37,000. Cetera Investment Advisers bought a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund during the 2nd quarter worth $147,000. &PARTNERS acquired a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund during the 4th quarter worth about $157,000. Geneos Wealth Management Inc. lifted its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 473.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 11,759 shares of the company’s stock worth $167,000 after buying an additional 9,709 shares during the period. Finally, Tactive Advisors LLC bought a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund in the 1st quarter valued at about $199,000.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

NYSE MEGI traded up $0.11 during midday trading on Friday, hitting $15.28. The company had a trading volume of 86,399 shares, compared to its average volume of 166,225. The firm has a 50-day moving average price of $15.24 and a 200-day moving average price of $15.08. MainStay CBRE Global Infrastructure Megatrends Term Fund has a twelve month low of $13.42 and a twelve month high of $15.89.

MainStay CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a $0.125 dividend. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend is Monday, August 24th.

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.