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

CBRE Global Real Estate Income Fund (NYSE:IGR) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 456,700 shares, a decline of 20.7% from the October 15th total of 576,200 shares. Based on an average trading volume of 573,000 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC bought a new stake in CBRE Global Real Estate Income Fund in the third quarter worth $21,010,000. Flagship Harbor Advisors LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund during the third quarter valued at approximately $10,415,000. City of London Investment Management Co. Ltd. grew its holdings in shares of CBRE Global Real Estate Income Fund by 124.0% in the first quarter. City of London Investment Management Co. Ltd. now owns 1,943,106 shares of the closed-end fund’s stock worth $10,454,000 after purchasing an additional 1,075,825 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in CBRE Global Real Estate Income Fund during the 2nd quarter valued at $2,765,000. Finally, Cetera Investment Advisers purchased a new stake in shares of CBRE Global Real Estate Income Fund in the 1st quarter worth about $1,965,000.

CBRE Global Real Estate Income Fund Price Performance

Shares of IGR stock remained flat at $5.50 during trading hours on Friday. 185,187 shares of the stock traded hands, compared to its average volume of 616,307. CBRE Global Real Estate Income Fund has a 12 month low of $4.43 and a 12 month high of $6.69. The company’s 50-day moving average price is $6.13 and its two-hundred day moving average price is $5.65.

CBRE Global Real Estate Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Wednesday, November 20th will be paid a $0.06 dividend. This is an increase from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.72 annualized dividend and a dividend yield of 13.09%.

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.