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

CBRE Global Real Estate Income Fund (NYSE:IGR) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 585,500 shares, a growth of 28.2% from the October 31st total of 456,700 shares. Based on an average daily volume of 536,300 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of CBRE Global Real Estate Income Fund

Large investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 3rd quarter worth $21,010,000. Flagship Harbor Advisors LLC purchased a new stake in CBRE Global Real Estate Income Fund in the third quarter worth about $10,415,000. Sanctuary Advisors LLC bought a new position in shares of CBRE Global Real Estate Income Fund in the second quarter worth about $2,765,000. Cetera Investment Advisers purchased a new position in shares of CBRE Global Real Estate Income Fund during the 1st quarter valued at about $1,965,000. Finally, Centaurus Financial Inc. bought a new position in shares of CBRE Global Real Estate Income Fund during the 3rd quarter valued at approximately $1,129,000.

CBRE Global Real Estate Income Fund Stock Performance

Shares of IGR traded down $0.01 during mid-day trading on Monday, reaching $5.79. The company had a trading volume of 35,067 shares, compared to its average volume of 609,611. CBRE Global Real Estate Income Fund has a 52 week low of $4.68 and a 52 week high of $6.69. The firm has a 50-day moving average price of $5.95 and a 200 day moving average price of $5.70.

CBRE Global Real Estate Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.72 annualized dividend and a dividend yield of 12.44%. This is a boost from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05.

CBRE Global Real Estate Income Fund Company Profile

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.