MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI – Get 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
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.
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