NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Short Interest Update

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 16,290 shares, a drop of 39.1% from the August 15th total of 26,738 shares. Based on an average daily trading volume, of 121,492 shares, the days-to-cover ratio is presently 0.1 days.

NYLI CBRE Global Infrastructure Megatrends Term Fund Trading Up 0.0%

Shares of MEGI stock traded up $0.01 on Friday, hitting $14.12. 53,702 shares of the stock traded hands, compared to its average volume of 160,001. The firm’s 50-day moving average price is $15.03 and its two-hundred day moving average price is $15.06. NYLI CBRE Global Infrastructure Megatrends Term Fund has a twelve month low of $13.42 and a twelve month high of $15.89.

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. Shareholders of record on Monday, November 23rd will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, November 23rd. This represents a c) dividend on an annualized basis and a yield of 10.6%.

Institutional Trading of NYLI CBRE Global Infrastructure Megatrends Term Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in MEGI. International Assets Investment Management LLC purchased a new position in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the 1st quarter worth approximately $37,000. Tactive Advisors LLC purchased a new stake in NYLI CBRE Global Infrastructure Megatrends Term Fund in the first quarter valued at approximately $199,000. Kestra Advisory Services LLC acquired a new position in NYLI CBRE Global Infrastructure Megatrends Term Fund during the first quarter worth $226,000. Global Retirement Partners LLC purchased a new position in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the fourth quarter worth $239,000. Finally, Accredited Investor Services LLC boosted its position in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund by 12.4% during the fourth quarter. Accredited Investor Services LLC now owns 18,376 shares of the company’s stock worth $253,000 after buying an additional 2,028 shares during the period.

About NYLI CBRE Global Infrastructure Megatrends Term Fund

NYLI 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.