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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 48,387 shares, an increase of 214.8% from the April 15th total of 15,372 shares. Based on an average daily trading volume, of 145,630 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of MainStay CBRE Global Infrastructure Megatrends Term Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the first quarter valued at about $37,000. Cetera Investment Advisers bought a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the second quarter valued at about $147,000. &PARTNERS bought a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the fourth quarter valued at about $157,000. Geneos Wealth Management Inc. increased its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 473.6% in the second quarter. Geneos Wealth Management Inc. now owns 11,759 shares of the company’s stock valued at $167,000 after buying an additional 9,709 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the third quarter valued at approximately $171,000.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Up 0.2%

MainStay CBRE Global Infrastructure Megatrends Term Fund stock traded up $0.04 during midday trading on Thursday, hitting $15.12. The stock had a trading volume of 122,654 shares, compared to its average volume of 191,252. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12 month low of $13.42 and a 12 month high of $15.89. The business has a fifty day moving average price of $14.98 and a 200 day moving average price of $14.47.

MainStay CBRE Global Infrastructure Megatrends Term Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 22nd will be issued a $0.125 dividend. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Friday, May 22nd.

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.