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 large growth in short interest in March. As of March 15th, there was short interest totalling 523,700 shares, a growth of 23.5% from the February 28th total of 423,900 shares. Based on an average daily volume of 866,300 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of IGR. Leavell Investment Management Inc. boosted its holdings in shares of CBRE Global Real Estate Income Fund by 25.0% in the 4th quarter. Leavell Investment Management Inc. now owns 12,500 shares of the closed-end fund’s stock valued at $60,000 after acquiring an additional 2,500 shares during the last quarter. Choreo LLC lifted its position in CBRE Global Real Estate Income Fund by 4.0% during the fourth quarter. Choreo LLC now owns 77,897 shares of the closed-end fund’s stock valued at $379,000 after purchasing an additional 2,993 shares during the period. Janney Montgomery Scott LLC boosted its holdings in CBRE Global Real Estate Income Fund by 13.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 50,868 shares of the closed-end fund’s stock valued at $245,000 after purchasing an additional 5,953 shares during the last quarter. Pacific Wealth Strategies Group Inc. grew its position in CBRE Global Real Estate Income Fund by 4.4% during the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 694,341 shares of the closed-end fund’s stock worth $3,340,000 after purchasing an additional 29,088 shares during the period. Finally, Daymark Wealth Partners LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 4th quarter valued at about $49,000.

CBRE Global Real Estate Income Fund Trading Up 0.6 %

Shares of NYSE:IGR traded up $0.03 on Wednesday, hitting $5.17. 487,995 shares of the company were exchanged, compared to its average volume of 651,276. The stock’s 50 day moving average price is $5.21 and its 200 day moving average price is $5.50. CBRE Global Real Estate Income Fund has a 1-year low of $4.68 and a 1-year high of $6.69.

CBRE Global Real Estate Income Fund Announces Dividend

The company 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 dividend yield of 13.53%. The ex-dividend date of this dividend was Thursday, February 20th.

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.