Short Interest in CBRE Global Real Estate Income Fund (NYSE:IGR) Drops By 14.3%

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 783,100 shares, a decline of 14.3% from the September 15th total of 914,200 shares. Based on an average daily volume of 721,300 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Several institutional investors have recently added to or reduced their stakes in IGR. Spirepoint Private Client LLC bought a new position in CBRE Global Real Estate Income Fund during the 1st quarter worth about $58,000. Leo Wealth LLC acquired a new position in shares of CBRE Global Real Estate Income Fund during the fourth quarter worth about $62,000. Fiduciary Group LLC grew its holdings in shares of CBRE Global Real Estate Income Fund by 23.0% during the second quarter. Fiduciary Group LLC now owns 14,980 shares of the closed-end fund’s stock worth $75,000 after buying an additional 2,800 shares in the last quarter. Shaker Financial Services LLC acquired a new stake in CBRE Global Real Estate Income Fund in the 2nd quarter valued at approximately $76,000. Finally, Advisor Resource Council bought a new stake in CBRE Global Real Estate Income Fund in the 1st quarter valued at approximately $88,000.

CBRE Global Real Estate Income Fund Price Performance

Shares of IGR traded up $0.07 on Wednesday, hitting $6.20. The company’s stock had a trading volume of 129,023 shares, compared to its average volume of 620,899. The firm’s fifty day moving average price is $6.21 and its 200-day moving average price is $5.52. CBRE Global Real Estate Income Fund has a fifty-two week low of $3.88 and a fifty-two week high of $6.69.

CBRE Global Real Estate Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 11.61%. The ex-dividend date is Friday, December 20th.

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.