Short Interest in CBRE Global Real Estate Income Fund (NYSE:IGR) Rises By 107.5%

CBRE Global Real Estate Income Fund (NYSE:IGR) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 437,100 shares, a growth of 107.5% from the January 15th total of 210,600 shares. Based on an average trading volume of 806,800 shares, the days-to-cover ratio is currently 0.5 days.

CBRE Global Real Estate Income Fund Stock Down 0.3 %

Shares of NYSE IGR opened at $5.31 on Friday. The firm’s 50 day simple moving average is $5.12 and its 200-day simple moving average is $5.70. CBRE Global Real Estate Income Fund has a 12 month low of $4.68 and a 12 month high of $6.69.

CBRE Global Real Estate Income Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a dividend yield of 13.53%.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV boosted its position in CBRE Global Real Estate Income Fund by 21.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,196 shares of the closed-end fund’s stock worth $59,000 after purchasing an additional 2,163 shares in the last quarter. Jane Street Group LLC raised its stake in shares of CBRE Global Real Estate Income Fund by 1,416.4% during the 4th quarter. Jane Street Group LLC now owns 153,760 shares of the closed-end fund’s stock worth $740,000 after buying an additional 143,620 shares during the period. Comerica Bank lifted its position in shares of CBRE Global Real Estate Income Fund by 144.6% during the 4th quarter. Comerica Bank now owns 85,664 shares of the closed-end fund’s stock valued at $412,000 after buying an additional 50,636 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in CBRE Global Real Estate Income Fund in the 4th quarter valued at $74,000. Finally, Stifel Financial Corp increased its holdings in CBRE Global Real Estate Income Fund by 6.8% in the 4th quarter. Stifel Financial Corp now owns 191,004 shares of the closed-end fund’s stock worth $919,000 after acquiring an additional 12,144 shares in the last quarter.

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.