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

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 29,889 shares, a growth of 83.5% from the August 31st total of 16,290 shares. Based on an average daily volume of 129,648 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of NYLI CBRE Global Infrastructure Megatrends Term Fund

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund by 7.5% in the first quarter. Bank of America Corp DE now owns 759,148 shares of the company’s stock valued at $11,152,000 after purchasing an additional 53,185 shares in the last quarter. Sit Investment Associates Inc. acquired a new stake in NYLI CBRE Global Infrastructure Megatrends Term Fund during the fourth quarter worth $9,998,000. Absolute Investment Advisers LLC boosted its stake in NYLI CBRE Global Infrastructure Megatrends Term Fund by 24.3% during the first quarter. Absolute Investment Advisers LLC now owns 411,549 shares of the company’s stock worth $6,046,000 after buying an additional 80,361 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in NYLI CBRE Global Infrastructure Megatrends Term Fund by 0.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 341,768 shares of the company’s stock valued at $4,703,000 after buying an additional 2,268 shares during the period. Finally, Fifth Third Bancorp bought a new stake in NYLI CBRE Global Infrastructure Megatrends Term Fund in the 1st quarter valued at $4,034,000.

NYLI CBRE Global Infrastructure Megatrends Term Fund Stock Down 0.1%

Shares of NYSE MEGI traded down $0.01 during mid-day trading on Wednesday, hitting $13.44. The company had a trading volume of 89,692 shares, compared to its average volume of 160,223. NYLI CBRE Global Infrastructure Megatrends Term Fund has a 12 month low of $13.24 and a 12 month high of $15.89. The business’s 50-day simple moving average is $14.72 and its 200-day simple moving average is $14.98.

NYLI CBRE Global Infrastructure Megatrends Term Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 23rd will be issued a $0.1250 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $1.50 annualized dividend and a yield of 11.2%.

NYLI CBRE Global Infrastructure Megatrends Term Fund Company Profile

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) is a publicly traded closed-end investment fund that seeks to provide total return by investing primarily in publicly listed companies involved in global infrastructure. Rather than operating infrastructure assets directly, the fund provides investors with exposure to businesses positioned to benefit from long-term infrastructure investment trends.

The fund focuses on infrastructure-related megatrends such as digitalization, decarbonization and the modernization of aging infrastructure.