MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Short Interest Up 78.5% in January

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 63,562 shares, a growth of 78.5% from the January 15th total of 35,615 shares. Based on an average daily trading volume, of 223,445 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 223,445 shares, the days-to-cover ratio is presently 0.3 days.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

NYSE MEGI traded up $0.34 on Friday, reaching $15.41. The stock had a trading volume of 302,674 shares, compared to its average volume of 216,292. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12-month low of $11.40 and a 12-month high of $15.41. The business’s 50-day moving average price is $13.96 and its 200 day moving average price is $14.24.

MainStay CBRE Global Infrastructure Megatrends Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 23rd will be given a $0.125 dividend. The ex-dividend date is Monday, February 23rd. This represents a c) annualized dividend and a yield of 9.7%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mather Group LLC. acquired a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the third quarter worth about $73,000. Cetera Investment Advisers purchased a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund during the 2nd quarter valued at approximately $147,000. Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund during the 2nd quarter worth approximately $148,000. Geneos Wealth Management Inc. grew its stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 473.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 11,759 shares of the company’s stock valued at $167,000 after purchasing an additional 9,709 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund in the third quarter valued at approximately $171,000.

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.