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

Principal Real Estate Income Fund (NYSE:PGZ) was the target of a large 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 daily volume of 35,500 shares, the short-interest ratio is presently 0.6 days.

Principal Real Estate Income Fund Stock Up 0.5 %

PGZ traded up $0.05 during midday trading on Friday, hitting $10.59. 9,817 shares of the company were exchanged, compared to its average volume of 33,093. The firm’s 50 day moving average price is $10.18 and its 200-day moving average price is $10.59. Principal Real Estate Income Fund has a 1-year low of $9.46 and a 1-year high of $11.31.

Principal Real Estate Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.105 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 11.90%. The ex-dividend date is Monday, March 17th.

Institutional Trading of Principal Real Estate Income Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Bulldog Investors LLP lifted its position in shares of Principal Real Estate Income Fund by 103.0% in the 4th quarter. Bulldog Investors LLP now owns 369,396 shares of the company’s stock worth $3,651,000 after purchasing an additional 187,471 shares during the period. Kovitz Investment Group Partners LLC bought a new position in Principal Real Estate Income Fund during the third quarter worth $1,475,000. Wolverine Asset Management LLC acquired a new position in Principal Real Estate Income Fund in the fourth quarter valued at $557,000. J.W. Cole Advisors Inc. acquired a new position in Principal Real Estate Income Fund in the third quarter valued at $462,000. Finally, Raymond James Financial Inc. bought a new stake in Principal Real Estate Income Fund during the fourth quarter valued at $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.