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

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 184,375 shares, a decline of 39.3% from the September 15th total of 303,909 shares. Based on an average daily volume of 348,418 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

A number of large investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund in the second quarter worth approximately $47,000. United Capital Financial Advisors LLC purchased a new position in shares of CBRE Global Real Estate Income Fund in the 2nd quarter worth approximately $50,000. Occidental Asset Management LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund during the second quarter valued at approximately $64,000. Ameritas Advisory Services LLC purchased a new position in shares of CBRE Global Real Estate Income Fund in the 2nd quarter worth about $66,000. Finally, CENTRAL TRUST Co purchased a new position in CBRE Global Real Estate Income Fund in the first quarter valued at approximately $67,000.

CBRE Global Real Estate Income Fund Price Performance

IGR traded down $0.06 during trading on Friday, reaching $11.15. 860,441 shares of the stock were exchanged, compared to its average volume of 264,849. The stock’s 50 day moving average price is $12.72 and its two-hundred day moving average price is $13.50. CBRE Global Real Estate Income Fund has a twelve month low of $10.84 and a twelve month high of $15.15.

CBRE Global Real Estate Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be given a dividend of $0.18 per share. The ex-dividend date is Monday, December 21st. This represents a $2.16 annualized dividend and a yield of 19.4%.

CBRE Global Real Estate Income Fund Company Profile

CBRE Global Real Estate Income Fund (NYSE: IGR) is a closed-end investment fund focused on generating current income and, secondarily, long-term capital appreciation through investments in real estate-related securities.

The fund invests in a diversified portfolio of publicly traded real estate companies and real estate investment trusts (REITs), as well as other real estate securities. Its holdings may include common and preferred stocks, debt securities, and other income-producing investments associated with the global real estate industry.

IGR provides exposure to real estate markets across multiple regions, including the United States and international markets.