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

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 29,889 shares, an increase of 83.5% from the August 31st total of 16,290 shares. Based on an average trading volume of 129,648 shares, the short-interest ratio is presently 0.2 days.

NYLI CBRE Global Infrastructure Megatrends Term Fund Trading Up 0.9%

MEGI stock traded up $0.12 during trading on Tuesday, reaching $13.44. 187,947 shares of the company’s stock were exchanged, compared to its average volume of 160,603. The company’s fifty day moving average price is $14.80 and its 200-day moving average price is $15.00. NYLI CBRE Global Infrastructure Megatrends Term Fund has a 1-year low of $13.24 and a 1-year high of $15.89.

NYLI CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 23rd will be given a $0.1250 dividend. This represents a $1.50 annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Monday, November 23rd.

Hedge Funds Weigh In On NYLI CBRE Global Infrastructure Megatrends Term Fund

Several large investors have recently made changes to their positions in MEGI. Rockefeller Capital Management L.P. raised its position in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund by 0.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 341,768 shares of the company’s stock worth $4,703,000 after purchasing an additional 2,268 shares during the last quarter. Focus Financial Network Inc. grew its position in NYLI CBRE Global Infrastructure Megatrends Term Fund by 9.3% during the 2nd quarter. Focus Financial Network Inc. now owns 28,863 shares of the company’s stock valued at $439,000 after purchasing an additional 2,459 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the first quarter valued at approximately $37,000. Chapin Davis Inc. increased its holdings in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund by 5.5% in the 2nd quarter. Chapin Davis Inc. now owns 74,378 shares of the company’s stock worth $1,131,000 after purchasing an additional 3,854 shares in the last quarter. Finally, FCA Corp TX lifted its stake in NYLI CBRE Global Infrastructure Megatrends Term Fund by 6.9% during the 1st quarter. FCA Corp TX now owns 99,337 shares of the company’s stock valued at $1,459,000 after acquiring an additional 6,444 shares during the period.

NYLI CBRE Global Infrastructure Megatrends Term Fund Company Profile

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.