Short Interest in MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Declines By 19.3%

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 51,272 shares, a decrease of 19.3% from the January 29th total of 63,562 shares. Based on an average daily trading volume, of 222,343 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 222,343 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MEGI. Mather Group LLC. purchased a new position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the 3rd quarter valued at approximately $73,000. Cetera Investment Advisers purchased a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund during the second quarter valued at $147,000. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund during the second quarter valued at $148,000. &PARTNERS acquired a new position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the 4th quarter worth about $157,000. Finally, Geneos Wealth Management Inc. increased its stake in MainStay CBRE Global Infrastructure Megatrends Term Fund by 473.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 11,759 shares of the company’s stock worth $167,000 after buying an additional 9,709 shares in the last quarter.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of NYSE:MEGI traded down $0.16 during trading on Wednesday, hitting $15.36. The company had a trading volume of 179,620 shares, compared to its average volume of 218,620. MainStay CBRE Global Infrastructure Megatrends Term Fund has a one year low of $11.40 and a one year high of $15.89. The company has a fifty day simple moving average of $14.44 and a two-hundred day simple moving average of $14.34.

MainStay CBRE Global Infrastructure Megatrends Term Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were given a dividend of $0.125 per share. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend was Monday, February 23rd.

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.