Short Interest in MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Decreases By 42.3%

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGIGet Free Report) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 88,176 shares, a decline of 42.3% from the June 30th total of 152,888 shares. Based on an average daily volume of 108,246 shares, the short-interest ratio is currently 0.8 days.

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Down 0.8%

Shares of MEGI stock traded down $0.12 during trading hours on Wednesday, reaching $15.10. The company’s stock had a trading volume of 59,014 shares, compared to its average volume of 168,529. The firm’s 50 day simple moving average is $15.26 and its 200-day simple moving average is $14.97. MainStay CBRE Global Infrastructure Megatrends Term Fund has a fifty-two week low of $13.42 and a fifty-two week high of $15.89.

MainStay CBRE Global Infrastructure Megatrends Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.125 per share. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date is Monday, August 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Focus Financial Network Inc. lifted its holdings in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 9.3% in the second quarter. Focus Financial Network Inc. now owns 28,863 shares of the company’s stock worth $439,000 after acquiring an additional 2,459 shares during the last quarter. Chapin Davis Inc. increased its position in MainStay CBRE Global Infrastructure Megatrends Term Fund by 5.5% during the 2nd quarter. Chapin Davis Inc. now owns 74,378 shares of the company’s stock worth $1,131,000 after purchasing an additional 3,854 shares in the last quarter. Bank of America Corp DE increased its position in MainStay CBRE Global Infrastructure Megatrends Term Fund by 7.5% during the 1st quarter. Bank of America Corp DE now owns 759,148 shares of the company’s stock worth $11,152,000 after purchasing an additional 53,185 shares in the last quarter. FCA Corp TX lifted its stake in MainStay CBRE Global Infrastructure Megatrends Term Fund by 6.9% in the 1st quarter. FCA Corp TX now owns 99,337 shares of the company’s stock valued at $1,459,000 after purchasing an additional 6,444 shares during the last quarter. Finally, Quantedge Capital Pte Ltd acquired a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund in the first quarter valued at approximately $272,000.

About MainStay CBRE Global Infrastructure Megatrends Term Fund

(Get Free Report)

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.

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