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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 90,542 shares, a growth of 87.1% from the April 30th total of 48,387 shares. Based on an average daily volume of 147,250 shares, the short-interest ratio is currently 0.6 days.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Performance

NYSE:MEGI opened at $15.07 on Tuesday. The stock’s fifty day simple moving average is $15.02 and its 200-day simple moving average is $14.56. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12-month low of $13.42 and a 12-month high of $15.89.

MainStay CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.125 per share. The ex-dividend date was Friday, May 22nd. This represents a c) annualized dividend and a yield of 10.0%.

Institutional Trading of MainStay CBRE Global Infrastructure Megatrends Term Fund

A number of institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund in the first quarter valued at about $37,000. Cetera Investment Advisers bought a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the second quarter worth approximately $147,000. &PARTNERS bought a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the fourth quarter worth approximately $157,000. Geneos Wealth Management Inc. boosted its holdings in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 473.6% during the second quarter. Geneos Wealth Management Inc. now owns 11,759 shares of the company’s stock worth $167,000 after acquiring an additional 9,709 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 7.6% in the fourth quarter. Park Avenue Securities LLC now owns 12,519 shares of the company’s stock valued at $172,000 after buying an additional 884 shares during the period.

MainStay CBRE Global Infrastructure Megatrends Term Fund Company Profile

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.