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

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 58,500 shares, a drop of 86.6% from the December 15th total of 437,000 shares. Based on an average daily volume of 687,100 shares, the short-interest ratio is currently 0.1 days.

CBRE Global Real Estate Income Fund Trading Up 1.5 %

CBRE Global Real Estate Income Fund stock traded up $0.07 during midday trading on Monday, reaching $4.86. 678,013 shares of the company were exchanged, compared to its average volume of 843,588. The firm’s 50-day simple moving average is $5.36 and its 200-day simple moving average is $5.73. CBRE Global Real Estate Income Fund has a 1 year low of $4.68 and a 1 year high of $6.69.

CBRE Global Real Estate Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.72 annualized dividend and a dividend yield of 14.81%.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund in the 3rd quarter worth approximately $67,000. Ellis Investment Partners LLC acquired a new stake in CBRE Global Real Estate Income Fund in the third quarter valued at approximately $69,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in CBRE Global Real Estate Income Fund in the third quarter worth approximately $71,000. Fiduciary Group LLC increased its stake in shares of CBRE Global Real Estate Income Fund by 23.0% during the 2nd quarter. Fiduciary Group LLC now owns 14,980 shares of the closed-end fund’s stock worth $75,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Good Life Advisors LLC raised its holdings in shares of CBRE Global Real Estate Income Fund by 100.0% during the 3rd quarter. Good Life Advisors LLC now owns 28,484 shares of the closed-end fund’s stock valued at $187,000 after purchasing an additional 14,242 shares in the last quarter.

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.