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 target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 35,615 shares, a growth of 192.4% from the December 31st total of 12,181 shares. Based on an average daily trading volume, of 203,239 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 203,239 shares, the short-interest ratio is presently 0.2 days.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

MainStay CBRE Global Infrastructure Megatrends Term Fund stock opened at $14.29 on Friday. The company’s 50-day moving average price is $13.84 and its two-hundred day moving average price is $14.21. MainStay CBRE Global Infrastructure Megatrends Term Fund has a twelve month low of $11.40 and a twelve month high of $15.05.

MainStay CBRE Global Infrastructure Megatrends Term Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 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 of this dividend is Monday, February 23rd.

Hedge Funds Weigh In On MainStay CBRE Global Infrastructure Megatrends Term Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Stolper Co raised its stake 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 purchasing an additional 820 shares in the last quarter. Park Avenue Securities LLC raised its position 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 valued at $172,000 after buying an additional 884 shares in the last quarter. Daymark Wealth Partners LLC boosted its stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 2.5% in the fourth quarter. Daymark Wealth Partners LLC now owns 37,536 shares of the company’s stock valued at $516,000 after buying an additional 911 shares during the period. Merit Financial Group LLC grew its position in 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 worth $323,000 after buying an additional 1,358 shares in the last quarter. Finally, Accredited Investor Services LLC grew its position in MainStay CBRE Global Infrastructure Megatrends Term Fund by 11.9% during the second quarter. Accredited Investor Services LLC now owns 14,334 shares of the company’s stock worth $204,000 after buying an additional 1,519 shares in the last quarter.

MainStay CBRE Global Infrastructure Megatrends Term Fund Company Profile

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.