Short Interest in CBRE Global Real Estate Income Fund (NYSE:IGR) Increases By 107.5%

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a significant growth in short interest during 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 trading volume of 806,800 shares, the days-to-cover ratio is presently 0.5 days.

CBRE Global Real Estate Income Fund Stock Down 0.3 %

Shares of NYSE:IGR opened at $5.31 on Friday. CBRE Global Real Estate Income Fund has a 1 year low of $4.68 and a 1 year high of $6.69. The business’s 50 day moving average price is $5.12 and its 200-day moving average price is $5.70.

CBRE Global Real Estate Income Fund Announces Dividend

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

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

A number of hedge funds have recently modified their holdings of IGR. Daymark Wealth Partners LLC purchased a new stake in CBRE Global Real Estate Income Fund during the 4th quarter valued at about $49,000. Centurion Wealth Management LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund in the fourth quarter valued at approximately $50,000. SeaCrest Wealth Management LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund in the fourth quarter valued at approximately $54,000. Walleye Capital LLC purchased a new position in CBRE Global Real Estate Income Fund during the fourth quarter worth approximately $58,000. Finally, Mercer Global Advisors Inc. ADV boosted its stake in CBRE Global Real Estate Income Fund by 21.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,196 shares of the closed-end fund’s stock worth $59,000 after buying an additional 2,163 shares during the last quarter.

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.