CBRE Global Real Estate Income Fund (NYSE:IGR) Short Interest Down 45.3% in February

CBRE Global Real Estate Income Fund (NYSE:IGR) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 423,900 shares, a decrease of 45.3% from the February 13th total of 774,900 shares. Based on an average daily volume of 869,300 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of CBRE Global Real Estate Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 3rd quarter worth approximately $21,010,000. Centaurus Financial Inc. purchased a new position in shares of CBRE Global Real Estate Income Fund during the 3rd quarter worth approximately $1,129,000. HighTower Advisors LLC raised its stake in shares of CBRE Global Real Estate Income Fund by 5.7% during the 3rd quarter. HighTower Advisors LLC now owns 36,903 shares of the closed-end fund’s stock worth $244,000 after buying an additional 2,000 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of CBRE Global Real Estate Income Fund by 66.2% during the 3rd quarter. IHT Wealth Management LLC now owns 164,574 shares of the closed-end fund’s stock worth $1,072,000 after buying an additional 65,539 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of CBRE Global Real Estate Income Fund by 6.3% during the 3rd quarter. Stifel Financial Corp now owns 178,860 shares of the closed-end fund’s stock worth $1,175,000 after buying an additional 10,672 shares in the last quarter.

CBRE Global Real Estate Income Fund Stock Up 0.1 %

Shares of NYSE IGR traded up $0.01 during trading hours on Friday, reaching $5.13. The stock had a trading volume of 581,866 shares, compared to its average volume of 646,204. CBRE Global Real Estate Income Fund has a fifty-two week low of $4.68 and a fifty-two week high of $6.69. The firm has a 50-day moving average of $5.17 and a 200-day moving average of $5.61.

CBRE Global Real Estate Income Fund Dividend Announcement

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

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.