CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Short Interest Drops 74.9%

CBRE Global Real Estate Income Fund (NYSE:IGR) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 303,909 shares, a decline of 74.9% from the August 31st total of 1,211,251 shares. Based on an average trading volume of 355,532 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Several hedge funds have recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new stake in CBRE Global Real Estate Income Fund in the second quarter valued at approximately $66,000. Concurrent Investment Advisors LLC acquired a new position in shares of CBRE Global Real Estate Income Fund during the 2nd quarter worth approximately $78,000. Two Sigma Securities LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 2nd quarter valued at approximately $47,000. United Capital Financial Advisors LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 2nd quarter valued at approximately $50,000. Finally, Bank of America Corp DE purchased a new position in shares of CBRE Global Real Estate Income Fund during the 2nd quarter valued at approximately $9,578,000.

CBRE Global Real Estate Income Fund Price Performance

Shares of NYSE IGR traded down $0.04 during midday trading on Friday, reaching $11.90. 340,737 shares of the stock were exchanged, compared to its average volume of 245,553. CBRE Global Real Estate Income Fund has a twelve month low of $11.85 and a twelve month high of $15.60. The firm has a 50-day simple moving average of $13.52 and a two-hundred day simple moving average of $13.72.

CBRE Global Real Estate Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.72 dividend on an annualized basis and a yield of 6.0%.

CBRE Global Real Estate Income Fund Company Profile

CBRE Global Real Estate Income Fund, Inc (NYSE: IGR) is a closed-end investment fund focused on the global real estate securities market. The fund seeks to provide investors with current income and, as a secondary objective, long-term capital appreciation.

IGR invests primarily in publicly traded equity and debt securities issued by real estate investment trusts, real estate operating companies and other property-related businesses. Its portfolio may include companies involved in sectors such as office, residential, retail, industrial, lodging, health care and specialized real estate.

The fund provides exposure to real estate markets in the United States and other developed and emerging economies.