Short Interest in MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Increases By 214.8%

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 48,387 shares, a growth of 214.8% from the April 15th total of 15,372 shares. Based on an average trading volume of 145,630 shares, the days-to-cover ratio is currently 0.3 days.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Down 1.3%

NYSE MEGI traded down $0.20 during midday trading on Friday, hitting $14.90. 122,719 shares of the company traded hands, compared to its average volume of 190,514. The company’s 50-day simple moving average is $14.97 and its 200-day simple moving average is $14.47. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52 week low of $13.42 and a 52 week high of $15.89.

MainStay CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.125 per share. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend is Friday, May 22nd.

Institutional Trading of MainStay CBRE Global Infrastructure Megatrends Term Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund during the 1st quarter valued at $37,000. Cetera Investment Advisers acquired a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund in the 2nd quarter worth $147,000. &PARTNERS acquired a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund in the 4th quarter worth $157,000. Geneos Wealth Management Inc. boosted its position 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 worth $167,000 after purchasing an additional 9,709 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund in the 3rd quarter worth $171,000.

About MainStay CBRE Global Infrastructure Megatrends Term Fund

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.