CBRE Global Real Estate Income Fund (NYSE:IGR) Short Interest Update

CBRE Global Real Estate Income Fund (NYSE:IGR) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 585,500 shares, a growth of 28.2% from the October 31st total of 456,700 shares. Based on an average daily volume of 536,300 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Several hedge funds have recently bought and sold shares of IGR. B. Riley Wealth Advisors Inc. lifted its holdings in CBRE Global Real Estate Income Fund by 29.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 20,188 shares of the closed-end fund’s stock worth $109,000 after buying an additional 4,544 shares during the last quarter. Virtu Financial LLC purchased a new stake in CBRE Global Real Estate Income Fund during the first quarter worth about $194,000. Cetera Investment Advisers acquired a new position in shares of CBRE Global Real Estate Income Fund during the 1st quarter worth $1,965,000. Occidental Asset Management LLC lifted its position in shares of CBRE Global Real Estate Income Fund by 11.4% in the second quarter. Occidental Asset Management LLC now owns 18,859 shares of the closed-end fund’s stock valued at $95,000 after acquiring an additional 1,924 shares in the last quarter. Finally, Cooper Financial Group grew its holdings in shares of CBRE Global Real Estate Income Fund by 3.0% during the second quarter. Cooper Financial Group now owns 208,365 shares of the closed-end fund’s stock worth $1,050,000 after buying an additional 6,043 shares in the last quarter.

CBRE Global Real Estate Income Fund Stock Down 1.8 %

Shares of IGR stock traded down $0.10 during trading on Monday, hitting $5.70. 456,943 shares of the stock traded hands, compared to its average volume of 611,458. CBRE Global Real Estate Income Fund has a 52-week low of $4.68 and a 52-week high of $6.69. The firm’s fifty day moving average price is $5.95 and its 200-day moving average price is $5.70.

CBRE Global Real Estate Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 12.64%. This is a boost from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05. The ex-dividend date is Friday, December 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.