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

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 774,900 shares, an increase of 77.3% from the January 31st total of 437,100 shares. Based on an average trading volume of 837,300 shares, the days-to-cover ratio is currently 0.9 days.

CBRE Global Real Estate Income Fund Price Performance

NYSE IGR traded up $0.03 during trading on Friday, reaching $5.30. 1,200,351 shares of the company’s stock were exchanged, compared to its average volume of 855,924. The business has a 50 day moving average price of $5.11 and a 200-day moving average price of $5.67. CBRE Global Real Estate Income Fund has a fifty-two week low of $4.68 and a fifty-two week high of $6.69.

CBRE Global Real Estate Income Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.06 per share. This represents a yield of 13.53%. The ex-dividend date of this dividend was Thursday, February 20th.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Institutional investors have recently bought and sold shares of the business. Pacific Wealth Strategies Group Inc. increased its position in CBRE Global Real Estate Income Fund by 4.4% during the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 694,341 shares of the closed-end fund’s stock worth $3,340,000 after buying an additional 29,088 shares during the last quarter. Daymark Wealth Partners LLC acquired a new position in CBRE Global Real Estate Income Fund during the fourth quarter worth approximately $49,000. SeaCrest Wealth Management LLC acquired a new position in CBRE Global Real Estate Income Fund during the fourth quarter worth approximately $54,000. Jane Street Group LLC acquired a new position in CBRE Global Real Estate Income Fund during the third quarter worth approximately $67,000. Finally, 180 Wealth Advisors LLC increased its position in CBRE Global Real Estate Income Fund by 3.2% during the fourth quarter. 180 Wealth Advisors LLC now owns 157,171 shares of the closed-end fund’s stock worth $756,000 after buying an additional 4,887 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.