CBRE Global Real Estate Income Fund (NYSE:IGR) Short Interest Update

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 774,900 shares, a growth 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 presently 0.9 days.

CBRE Global Real Estate Income Fund Trading Up 0.2 %

Shares of IGR stock opened at $5.31 on Tuesday. CBRE Global Real Estate Income Fund has a 12 month low of $4.68 and a 12 month high of $6.69. The stock 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 Announces Dividend

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

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Roman Butler Fullerton & Co. grew its holdings in CBRE Global Real Estate Income Fund by 0.8% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 268,060 shares of the closed-end fund’s stock worth $1,643,000 after acquiring an additional 2,018 shares during the period. Penserra Capital Management LLC bought a new position in shares of CBRE Global Real Estate Income Fund in the 3rd quarter worth $21,010,000. Centaurus Financial Inc. acquired a new stake in shares of CBRE Global Real Estate Income Fund during the third quarter worth $1,129,000. HighTower Advisors LLC increased its holdings in CBRE Global Real Estate Income Fund by 5.7% in the third quarter. HighTower Advisors LLC now owns 36,903 shares of the closed-end fund’s stock valued at $244,000 after purchasing an additional 2,000 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its stake in CBRE Global Real Estate Income Fund by 66.2% in the third quarter. IHT Wealth Management LLC now owns 164,574 shares of the closed-end fund’s stock valued at $1,072,000 after buying an additional 65,539 shares during the period.

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.