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

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

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

NYSE MEGI traded down $0.13 during mid-day trading on Thursday, reaching $15.22. The stock had a trading volume of 22,400 shares, compared to its average volume of 213,936. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1 year low of $11.40 and a 1 year high of $15.89. The company has a fifty day moving average price of $14.44 and a 200 day moving average price of $14.34.

MainStay CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend was Monday, February 23rd.

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

Several large investors have recently bought and sold shares of the business. Stolper Co raised its position in MainStay CBRE Global Infrastructure Megatrends Term Fund by 1.3% in the 4th quarter. Stolper Co now owns 65,584 shares of the company’s stock worth $902,000 after buying an additional 820 shares during the last quarter. Park Avenue Securities LLC grew 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 worth $172,000 after acquiring an additional 884 shares during the period. Daymark Wealth Partners LLC raised its holdings in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 2.5% during the fourth quarter. Daymark Wealth Partners LLC now owns 37,536 shares of the company’s stock valued at $516,000 after purchasing an additional 911 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 6.1% during the fourth quarter. Merit Financial Group LLC now owns 23,458 shares of the company’s stock valued at $323,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Choreo LLC lifted its position in MainStay CBRE Global Infrastructure Megatrends Term Fund by 6.2% during the fourth quarter. Choreo LLC now owns 26,530 shares of the company’s stock valued at $369,000 after purchasing an additional 1,551 shares during the period.

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.