NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Shares Shorted: Short Interest Up 83.5% in September

by · The Markets Daily

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

Institutional Investors Weigh In On NYLI CBRE Global Infrastructure Megatrends Term Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Chapin Davis Inc. raised its stake in NYLI CBRE Global Infrastructure Megatrends Term Fund by 5.5% in the 2nd quarter. Chapin Davis Inc. now owns 74,378 shares of the company’s stock valued at $1,131,000 after purchasing an additional 3,854 shares during the last quarter. Focus Financial Network Inc. raised its holdings in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund by 9.3% during the 2nd quarter. Focus Financial Network Inc. now owns 28,863 shares of the company’s stock valued at $439,000 after buying an additional 2,459 shares during the period. Bank of America Corp DE boosted 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 during the period. FCA Corp TX boosted its holdings in NYLI CBRE Global Infrastructure Megatrends Term Fund by 6.9% in the first 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 bought a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund in the first quarter worth $272,000.

NYLI CBRE Global Infrastructure Megatrends Term Fund Stock Up 0.9%

NYSE:MEGI traded up $0.12 during trading hours on Tuesday, hitting $13.44. The company had a trading volume of 187,947 shares, compared to its average volume of 160,603. The company has a 50-day moving average of $14.80 and a 200 day moving average of $15.00. NYLI CBRE Global Infrastructure Megatrends Term Fund has a 1 year low of $13.24 and a 1 year high of $15.89.

NYLI CBRE Global Infrastructure Megatrends Term Fund Dividend Announcement

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

About NYLI CBRE Global Infrastructure Megatrends Term Fund

(Get Free Report)

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.

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