NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Sees Large Decline in Short Interest

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 16,290 shares, a decrease of 39.1% from the August 15th total of 26,738 shares. Based on an average daily volume of 121,492 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of NYLI CBRE Global Infrastructure Megatrends Term Fund

A number of institutional investors have recently made changes to their positions in MEGI. International Assets Investment Management LLC bought a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund in the first quarter worth $37,000. Tactive Advisors LLC bought a new position in NYLI CBRE Global Infrastructure Megatrends Term Fund in the first quarter worth approximately $199,000. Kestra Advisory Services LLC bought a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the 1st quarter valued at $226,000. Global Retirement Partners LLC bought a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the 4th quarter valued at $239,000. Finally, Accredited Investor Services LLC increased its stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund by 12.4% in the 4th quarter. Accredited Investor Services LLC now owns 18,376 shares of the company’s stock worth $253,000 after purchasing an additional 2,028 shares in the last quarter.

NYLI CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of NYSE MEGI traded up $0.12 on Thursday, reaching $14.16. 84,072 shares of the company’s stock traded hands, compared to its average volume of 160,640. NYLI CBRE Global Infrastructure Megatrends Term Fund has a 12 month low of $13.42 and a 12 month high of $15.89. The business’s 50 day simple moving average is $15.03 and its two-hundred day simple moving average is $15.06.

NYLI CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 23rd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a c) annualized dividend and a yield of 10.6%.

About NYLI CBRE Global Infrastructure Megatrends Term Fund

NYLI 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.