NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Stock Short Interest Jumps 83.5%

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 29,889 shares, an increase of 83.5% from the August 31st total of 16,290 shares. Based on an average trading volume of 129,648 shares, the days-to-cover ratio is presently 0.2 days.

NYLI CBRE Global Infrastructure Megatrends Term Fund Stock Down 1.3%

MEGI stock traded down $0.17 during midday trading on Thursday, hitting $13.29. The stock had a trading volume of 17,889 shares, compared to its average volume of 159,459. The company’s 50-day moving average price is $14.72 and its 200 day moving average price is $14.98. NYLI CBRE Global Infrastructure Megatrends Term Fund has a 12-month low of $13.24 and a 12-month 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 issued a dividend of $0.1250 per share. The ex-dividend date is Monday, November 23rd. This represents a $1.50 annualized dividend and a dividend yield of 11.3%.

Hedge Funds Weigh In On NYLI CBRE Global Infrastructure Megatrends Term Fund

Institutional investors have recently added to or reduced their stakes in the business. Tactive Advisors LLC acquired a new stake in NYLI CBRE Global Infrastructure Megatrends Term Fund in the 1st quarter worth about $199,000. Rockefeller Capital Management L.P. increased its stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund by 0.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 341,768 shares of the company’s stock valued at $4,703,000 after acquiring an additional 2,268 shares during the last quarter. Absolute Investment Advisers LLC increased its stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund by 24.3% during the 1st quarter. Absolute Investment Advisers LLC now owns 411,549 shares of the company’s stock valued at $6,046,000 after acquiring an additional 80,361 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the 1st quarter worth about $4,034,000. Finally, Quantedge Capital Pte Ltd purchased a new position in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the 1st quarter worth about $272,000.

NYLI CBRE Global Infrastructure Megatrends Term Fund Company Profile

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) is a publicly traded closed-end investment fund that seeks to provide total return by investing primarily in publicly listed companies involved in global infrastructure. Rather than operating infrastructure assets directly, the fund provides investors with exposure to businesses positioned to benefit from long-term infrastructure investment trends.

The fund focuses on infrastructure-related megatrends such as digitalization, decarbonization and the modernization of aging infrastructure.