Principal Real Estate Income Fund (NYSE:PGZ) Sees Large Decrease in Short Interest

Principal Real Estate Income Fund (NYSE:PGZ) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 8,800 shares, a decline of 20.0% from the December 15th total of 11,000 shares. Based on an average trading volume of 33,200 shares, the short-interest ratio is currently 0.3 days.

Principal Real Estate Income Fund Price Performance

Shares of PGZ stock traded up $0.03 during trading hours on Friday, reaching $10.27. The company’s stock had a trading volume of 2,175 shares, compared to its average volume of 43,261. The firm’s fifty day simple moving average is $10.33 and its 200 day simple moving average is $10.61. Principal Real Estate Income Fund has a one year low of $9.46 and a one year high of $11.31.

Principal Real Estate Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.105 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 12.27%. The ex-dividend date is Thursday, February 13th.

Hedge Funds Weigh In On Principal Real Estate Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC increased its stake in Principal Real Estate Income Fund by 8.4% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 23,251 shares of the company’s stock worth $260,000 after buying an additional 1,794 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in Principal Real Estate Income Fund in the 2nd quarter worth about $43,000. Shaker Financial Services LLC grew its stake in shares of Principal Real Estate Income Fund by 126.1% during the third quarter. Shaker Financial Services LLC now owns 29,173 shares of the company’s stock valued at $326,000 after buying an additional 16,273 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in Principal Real Estate Income Fund in the third quarter worth $462,000. Finally, Sanctuary Advisors LLC bought a new stake in Principal Real Estate Income Fund during the 2nd quarter valued at about $411,000.

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.