Principal Real Estate Income Fund (NYSE:PGZ) Short Interest Up 1,170.6% in February

Principal Real Estate Income Fund (NYSE:PGZ) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 21,600 shares, an increase of 1,170.6% from the January 31st total of 1,700 shares. Based on an average trading volume of 35,500 shares, the days-to-cover ratio is presently 0.6 days.

Principal Real Estate Income Fund Stock Up 0.9 %

Shares of NYSE PGZ opened at $10.64 on Friday. Principal Real Estate Income Fund has a 1 year low of $9.46 and a 1 year high of $11.31. The stock’s 50-day simple moving average is $10.18 and its 200-day simple moving average is $10.59.

Principal Real Estate Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.105 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 11.84%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Trading of Principal Real Estate Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers increased its holdings in Principal Real Estate Income Fund by 89.4% in the fourth quarter. Cetera Investment Advisers now owns 19,849 shares of the company’s stock valued at $196,000 after buying an additional 9,370 shares during the last quarter. Bulldog Investors LLP increased its holdings in Principal Real Estate Income Fund by 103.0% in the fourth quarter. Bulldog Investors LLP now owns 369,396 shares of the company’s stock valued at $3,651,000 after buying an additional 187,471 shares during the last quarter. Shaker Financial Services LLC increased its holdings in Principal Real Estate Income Fund by 78.4% in the fourth quarter. Shaker Financial Services LLC now owns 52,041 shares of the company’s stock valued at $514,000 after buying an additional 22,868 shares during the last quarter. First Trust Advisors LP increased its holdings in Principal Real Estate Income Fund by 4.6% in the fourth quarter. First Trust Advisors LP now owns 38,321 shares of the company’s stock valued at $379,000 after buying an additional 1,688 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Principal Real Estate Income Fund in the fourth quarter valued at about $336,000.

Principal Real Estate Income Fund Company Profile

Principal Real Estate Income Fund is a closed ended balanced mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Principal Real Estate Investors, LLC. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in commercial mortgage backed securities, real estate investment trusts and REIT-like entities.