Principal Real Estate Income Fund (NYSE:PGZ) Short Interest Down 20.0% in December

Principal Real Estate Income Fund (NYSE:PGZ) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 8,800 shares, a decrease of 20.0% from the December 15th total of 11,000 shares. Based on an average daily volume of 33,200 shares, the short-interest ratio is currently 0.3 days.

Principal Real Estate Income Fund Stock Performance

Shares of NYSE:PGZ opened at $10.15 on Wednesday. The business has a fifty day moving average of $10.36 and a 200-day moving average of $10.62. Principal Real Estate Income Fund has a twelve month low of $9.46 and a twelve month high of $11.31.

Principal Real Estate Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be given a $0.105 dividend. This represents a $1.26 annualized dividend and a yield of 12.41%. The ex-dividend date of this dividend is Thursday, February 13th.

Hedge Funds Weigh In On Principal Real Estate Income Fund

A number of large investors have recently modified their holdings of PGZ. Kovitz Investment Group Partners LLC bought a new position in Principal Real Estate Income Fund in the 3rd quarter worth approximately $1,475,000. Shaker Financial Services LLC raised its position in shares of Principal Real Estate Income Fund by 126.1% during the third quarter. Shaker Financial Services LLC now owns 29,173 shares of the company’s stock worth $326,000 after acquiring an additional 16,273 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of Principal Real Estate Income Fund during the third quarter valued at $462,000. SeaCrest Wealth Management LLC boosted its holdings in Principal Real Estate Income Fund by 8.4% in the third quarter. SeaCrest Wealth Management LLC now owns 23,251 shares of the company’s stock valued at $260,000 after acquiring an additional 1,794 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Principal Real Estate Income Fund in the second quarter worth about $411,000.

About Principal Real Estate Income Fund

Principal Real Estate Income Fund is a closed ended balanced mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Principal Real Estate Investors, LLC. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in commercial mortgage backed securities, real estate investment trusts and REIT-like entities.