CBRE Global Real Estate Income Fund (NYSE:IGR) Sees Large Growth in Short Interest

CBRE Global Real Estate Income Fund (NYSE:IGR) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 437,100 shares, a growth of 107.5% from the January 15th total of 210,600 shares. Based on an average daily volume of 806,800 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC grew its stake in CBRE Global Real Estate Income Fund by 5.7% in the 3rd quarter. HighTower Advisors LLC now owns 36,903 shares of the closed-end fund’s stock valued at $244,000 after buying an additional 2,000 shares in the last quarter. Roman Butler Fullerton & Co. grew its stake in CBRE Global Real Estate Income Fund by 0.8% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 268,060 shares of the closed-end fund’s stock valued at $1,643,000 after buying an additional 2,018 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in CBRE Global Real Estate Income Fund by 21.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,196 shares of the closed-end fund’s stock valued at $59,000 after buying an additional 2,163 shares in the last quarter. Leavell Investment Management Inc. grew its stake in CBRE Global Real Estate Income Fund by 25.0% in the 4th quarter. Leavell Investment Management Inc. now owns 12,500 shares of the closed-end fund’s stock valued at $60,000 after buying an additional 2,500 shares in the last quarter. Finally, Choreo LLC grew its stake in CBRE Global Real Estate Income Fund by 4.0% in the 4th quarter. Choreo LLC now owns 77,897 shares of the closed-end fund’s stock valued at $379,000 after buying an additional 2,993 shares in the last quarter.

CBRE Global Real Estate Income Fund Stock Down 0.3 %

NYSE:IGR opened at $5.31 on Friday. The firm’s 50 day moving average is $5.12 and its 200 day moving average is $5.70. CBRE Global Real Estate Income Fund has a 12 month low of $4.68 and a 12 month high of $6.69.

CBRE Global Real Estate Income Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a $0.06 dividend. The ex-dividend date is Thursday, February 20th. This represents a yield of 13.53%.

About CBRE Global Real Estate Income Fund

CBRE Clarion Global Real Estate Income Fund specializes in investments in various property types, including office, retail, diversified, apartments, industrials, hotels, healthcare, and storage. It invests in the public equity markets across the developed markets of North America, Europe, Australia, and Asia.