Short Interest in CBRE Global Real Estate Income Fund (NYSE:IGR) Decreases By 86.6%

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

CBRE Global Real Estate Income Fund Price Performance

Shares of IGR stock traded up $0.02 on Tuesday, hitting $5.21. The stock had a trading volume of 520,819 shares, compared to its average volume of 875,689. CBRE Global Real Estate Income Fund has a 52-week low of $4.68 and a 52-week high of $6.69. The stock’s 50 day moving average is $5.24 and its 200-day moving average is $5.73.

CBRE Global Real Estate Income Fund Increases Dividend

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

Institutional Trading of CBRE Global Real Estate Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacific Wealth Strategies Group Inc. lifted its position in shares of CBRE Global Real Estate Income Fund by 4.4% during the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 694,341 shares of the closed-end fund’s stock worth $3,340,000 after purchasing an additional 29,088 shares during the last quarter. Choreo LLC lifted its position in shares of CBRE Global Real Estate Income Fund by 4.0% in the 4th quarter. Choreo LLC now owns 77,897 shares of the closed-end fund’s stock worth $379,000 after buying an additional 2,993 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in CBRE Global Real Estate Income Fund by 13.3% during the fourth 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 during the period. Daymark Wealth Partners LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund during the 4th quarter worth approximately $49,000. Finally, SeaCrest Wealth Management LLC acquired a new position in CBRE Global Real Estate Income Fund during the 4th quarter valued at approximately $54,000.

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.