CBRE Global Real Estate Income Fund (NYSE:IGR) Short Interest Up 23.5% in March

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 523,700 shares, an increase of 23.5% from the February 28th total of 423,900 shares. Based on an average daily trading volume, of 866,300 shares, the days-to-cover ratio is currently 0.6 days.

CBRE Global Real Estate Income Fund Stock Performance

NYSE IGR opened at $5.17 on Thursday. CBRE Global Real Estate Income Fund has a 52 week low of $4.68 and a 52 week high of $6.69. The stock’s 50 day moving average price is $5.21 and its two-hundred day moving average price is $5.50.

CBRE Global Real Estate Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.06 per share. This represents a yield of 13.53%. The ex-dividend date was Thursday, February 20th.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

A number of large investors have recently modified their holdings of the business. HighTower Advisors LLC boosted its holdings in shares of CBRE Global Real Estate Income Fund by 5.7% in the 3rd quarter. HighTower Advisors LLC now owns 36,903 shares of the closed-end fund’s stock valued at $244,000 after buying an additional 2,000 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in CBRE Global Real Estate Income Fund by 21.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,196 shares of the closed-end fund’s stock valued at $59,000 after buying an additional 2,163 shares during the period. Leavell Investment Management Inc. lifted its stake in CBRE Global Real Estate Income Fund by 25.0% during the fourth quarter. Leavell Investment Management Inc. now owns 12,500 shares of the closed-end fund’s stock worth $60,000 after purchasing an additional 2,500 shares during the last quarter. Choreo LLC increased its position in CBRE Global Real Estate Income Fund by 4.0% during the 4th quarter. Choreo LLC now owns 77,897 shares of the closed-end fund’s stock worth $379,000 after purchasing an additional 2,993 shares in the last quarter. Finally, 180 Wealth Advisors LLC boosted its holdings in shares of CBRE Global Real Estate Income Fund by 3.2% during the 4th quarter. 180 Wealth Advisors LLC now owns 157,171 shares of the closed-end fund’s stock valued at $756,000 after acquiring an additional 4,887 shares in the last quarter.

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.