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

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 trading volume of 121,492 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of NYLI CBRE Global Infrastructure Megatrends Term Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in NYLI CBRE Global Infrastructure Megatrends Term Fund in the 1st quarter worth about $37,000. Tactive Advisors LLC bought a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund in the first quarter worth approximately $199,000. Kestra Advisory Services LLC purchased a new position in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the first quarter valued at approximately $226,000. Global Retirement Partners LLC purchased a new stake in NYLI CBRE Global Infrastructure Megatrends Term Fund in the fourth quarter worth approximately $239,000. Finally, Accredited Investor Services LLC grew its position in NYLI CBRE Global Infrastructure Megatrends Term Fund by 12.4% in the 4th quarter. Accredited Investor Services LLC now owns 18,376 shares of the company’s stock worth $253,000 after purchasing an additional 2,028 shares during the period.

NYLI CBRE Global Infrastructure Megatrends Term Fund Stock Performance

MEGI stock traded up $0.16 during trading on Wednesday, hitting $14.23. 21,677 shares of the stock traded hands, compared to its average volume of 160,546. NYLI CBRE Global Infrastructure Megatrends Term Fund has a 1 year low of $13.42 and a 1 year high of $15.89. The firm’s 50 day moving average is $15.08 and its two-hundred day moving average is $15.09.

NYLI CBRE Global Infrastructure Megatrends Term Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 23rd will be issued a $0.125 dividend. This represents a c) dividend on an annualized basis and a yield of 10.5%. The ex-dividend date is Monday, November 23rd.

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.