NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Shares Shorted: Short Interest Up 141.7% in September

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 72,237 shares, an increase of 141.7% from the September 15th total of 29,889 shares. Based on an average daily volume of 142,342 shares, the days-to-cover ratio is currently 0.5 days.

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

Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund in the 1st quarter worth about $37,000. Tactive Advisors LLC purchased a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the 1st quarter worth about $199,000. Kestra Advisory Services LLC purchased a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the 1st quarter worth about $226,000. Quantedge Capital Pte Ltd purchased a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the 1st quarter worth about $272,000. Finally, Focus Financial Network Inc. increased its position in NYLI CBRE Global Infrastructure Megatrends Term Fund by 5.8% during the 3rd quarter. Focus Financial Network Inc. now owns 30,531 shares of the company’s stock worth $411,000 after purchasing an additional 1,668 shares in the last quarter.

NYLI CBRE Global Infrastructure Megatrends Term Fund Stock Down 1.5%

Shares of NYSE MEGI traded down $0.20 during trading on Wednesday, hitting $13.79. 153,467 shares of the company traded hands, compared to its average volume of 161,279. NYLI CBRE Global Infrastructure Megatrends Term Fund has a 1 year low of $13.24 and a 1 year high of $15.89. The company has a 50-day moving average price of $14.39 and a 200-day moving average price of $14.90.

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. Investors of record on Monday, November 23rd will be issued a $0.1250 dividend. The ex-dividend date is Monday, November 23rd. This represents a $1.50 dividend on an annualized basis and a yield of 10.9%.

About NYLI CBRE Global Infrastructure Megatrends Term Fund

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.