Short Interest in CBRE Global Real Estate Income Fund (NYSE:IGR) Decreases By 45.3%

CBRE Global Real Estate Income Fund (NYSE:IGR) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 423,900 shares, a drop of 45.3% from the February 13th total of 774,900 shares. Based on an average trading volume of 869,300 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Several large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its position in shares of CBRE Global Real Estate Income Fund by 13.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,868 shares of the closed-end fund’s stock worth $245,000 after acquiring an additional 5,953 shares in the last quarter. Pacific Wealth Strategies Group Inc. boosted its holdings in CBRE Global Real Estate Income Fund by 4.4% in the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 694,341 shares of the closed-end fund’s stock valued at $3,340,000 after purchasing an additional 29,088 shares in the last quarter. Daymark Wealth Partners LLC purchased a new position in CBRE Global Real Estate Income Fund in the fourth quarter valued at approximately $49,000. SeaCrest Wealth Management LLC purchased a new position in CBRE Global Real Estate Income Fund in the fourth quarter valued at approximately $54,000. Finally, Jane Street Group LLC acquired a new stake in CBRE Global Real Estate Income Fund during the third quarter worth approximately $67,000.

CBRE Global Real Estate Income Fund Stock Up 0.1 %

CBRE Global Real Estate Income Fund stock traded up $0.01 during trading on Friday, reaching $5.13. The stock had a trading volume of 581,866 shares, compared to its average volume of 646,204. CBRE Global Real Estate Income Fund has a 52-week low of $4.68 and a 52-week high of $6.69. The business has a 50 day moving average price of $5.17 and a 200 day moving average price of $5.61.

CBRE Global Real Estate Income Fund Announces Dividend

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

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.