Short Interest in CBRE Global Real Estate Income Fund (NYSE:IGR) Increases By 28.2%

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 585,500 shares, an increase of 28.2% from the October 31st total of 456,700 shares. Based on an average daily volume of 536,300 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Several institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC bought a new position in shares of CBRE Global Real Estate Income Fund in the third quarter valued at approximately $21,010,000. Flagship Harbor Advisors LLC bought a new stake in shares of CBRE Global Real Estate Income Fund in the third quarter worth about $10,415,000. Pacific Wealth Strategies Group Inc. lifted its stake in CBRE Global Real Estate Income Fund by 10.9% in the third quarter. Pacific Wealth Strategies Group Inc. now owns 665,253 shares of the closed-end fund’s stock valued at $4,371,000 after buying an additional 65,207 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in CBRE Global Real Estate Income Fund in the 2nd quarter valued at $2,765,000. Finally, Cetera Investment Advisers acquired a new stake in shares of CBRE Global Real Estate Income Fund in the 1st quarter valued at about $1,965,000.

CBRE Global Real Estate Income Fund Trading Down 1.8 %

IGR traded down $0.10 during trading on Monday, reaching $5.70. The company had a trading volume of 456,943 shares, compared to its average volume of 611,458. The firm’s 50-day simple moving average is $5.95 and its 200 day simple moving average is $5.70. CBRE Global Real Estate Income Fund has a 12-month low of $4.68 and a 12-month high of $6.69.

CBRE Global Real Estate Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.06 per share. This is a boost from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05. The ex-dividend date is Friday, December 20th. This represents a $0.72 dividend on an annualized basis and a yield of 12.64%.

About CBRE Global Real Estate Income Fund

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.