CBRE Global Real Estate Income Fund (NYSE:IGR) Sees Significant Decrease in Short Interest

CBRE Global Real Estate Income Fund (NYSE:IGR) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 58,500 shares, a decrease of 86.6% from the December 31st total of 437,000 shares. Based on an average trading volume of 687,100 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in shares of CBRE Global Real Estate Income Fund during the 3rd quarter valued at $67,000. Daymark Wealth Partners LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund in the fourth quarter worth about $49,000. Ellis Investment Partners LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund during the 3rd quarter valued at about $69,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of CBRE Global Real Estate Income Fund during the 3rd quarter valued at about $71,000. Finally, SeaCrest Wealth Management LLC acquired a new position in CBRE Global Real Estate Income Fund during the 4th quarter worth approximately $54,000.

CBRE Global Real Estate Income Fund Stock Performance

IGR stock traded down $0.09 on Wednesday, hitting $5.13. 526,898 shares of the company were exchanged, compared to its average volume of 856,372. The business’s fifty day moving average is $5.24 and its two-hundred day moving average is $5.73. CBRE Global Real Estate Income Fund has a twelve month low of $4.68 and a twelve month high of $6.69.

CBRE Global Real Estate Income Fund Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.06 per share. This represents a yield of 13.66%. This is a boost from CBRE Global Real Estate Income Fund’s previous dividend of $0.05. The ex-dividend date of this dividend is Tuesday, January 21st.

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.