Saba Capital Management Buys 4999 Shares in NYLI CBRE Megatrends Term Fund

Saba Capital Management, L.P., a 10% owner of NYLI CBRE Global Infrastructure Megatrends Term Fund [MEGI], has made a recent investment, acquiring 4999 shares at a price of $12.49 per share on March 6, 2025.

Saba Capital Management, L.P., a prominent investment firm, recently made a strategic investment in the NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) [1]. The firm acquired 4,999 shares of MEGI at a price of $12.49 per share on March 6, 2025 [1]. This investment represents a significant vote of confidence in the fund's potential growth and its focus on infrastructure megatrends.

Saba Capital's investment in MEGI comes at an interesting time for the fund. Over the past six months, $NXJ insiders have traded the company's stock 57 times, with 1 purchase and 56 sales [1]. This high level of insider trading activity could suggest that there is a significant amount of information that is not yet publicly available about the company. Additionally, recent hedge fund activity shows that 28 institutional investors have added shares of $NXJ to their portfolios, while 37 have decreased their positions [1].

Saba Capital's decision to invest in MEGI could be influenced by its recent experience with $NXJ. In the past, the firm removed 706,370 shares (-11.8%) from its portfolio in Q4 2024 [1]. However, the firm's recent investment in MEGI suggests that it may believe that the risks associated with $NXJ have been mitigated.

It is worth noting that Saba Capital's investment in MEGI is not the only recent investment in the infrastructure space. For example, Bank of America Corp /DE/ added 245,349 shares (+72.8%) to its portfolio in Q4 2024 [1]. This suggests that there is a growing interest in infrastructure investments among investors.

In conclusion, Saba Capital Management's recent investment in the NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) is a significant development that highlights the firm's confidence in the fund's potential growth. With recent insider trading activity and hedge fund activity indicating a high level of interest in $NXJ, it will be interesting to see how the situation unfolds in the coming months.

References:
[1] "Saba Capital Management, L.P. Acquires 4,999 Shares of NYLI CBRE Global Infrastructure Megatrends Term Fund, Inc. (NYLI)". InsiderMonkey.com. March 10, 2025. https://www.insidermonkey.com/stock-news/177439/saba-capital-management-lp-acquires-4999-shares-of-nyli-cbre-global-infrastructure-megatrends-term-fund-inc-nyli.