CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Short Interest Falls 39.3%

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 184,375 shares, a drop of 39.3% from the September 15th total of 303,909 shares. Based on an average daily trading volume, of 348,418 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Large investors have recently made changes to their positions in the business. Two Sigma Securities LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund in the 2nd quarter worth $47,000. United Capital Financial Advisors LLC purchased a new position in CBRE Global Real Estate Income Fund during the 2nd quarter worth $50,000. Occidental Asset Management LLC purchased a new position in CBRE Global Real Estate Income Fund during the 2nd quarter worth $64,000. Ameritas Advisory Services LLC purchased a new position in CBRE Global Real Estate Income Fund during the 2nd quarter worth $66,000. Finally, CENTRAL TRUST Co acquired a new position in CBRE Global Real Estate Income Fund during the 1st quarter valued at about $67,000.

CBRE Global Real Estate Income Fund Stock Down 0.5%

Shares of CBRE Global Real Estate Income Fund stock opened at $11.15 on Friday. The firm’s 50 day moving average price is $12.72 and its 200-day moving average price is $13.50. CBRE Global Real Estate Income Fund has a 52-week low of $10.84 and a 52-week high of $15.15.

CBRE Global Real Estate Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be paid a $0.18 dividend. This represents a $2.16 annualized dividend and a yield of 19.4%. The ex-dividend date is Monday, December 21st.

CBRE Global Real Estate Income Fund Company Profile

CBRE Global Real Estate Income Fund (NYSE: IGR) is a closed-end investment fund focused on generating current income and, secondarily, long-term capital appreciation through investments in real estate-related securities.

The fund invests in a diversified portfolio of publicly traded real estate companies and real estate investment trusts (REITs), as well as other real estate securities. Its holdings may include common and preferred stocks, debt securities, and other income-producing investments associated with the global real estate industry.

IGR provides exposure to real estate markets across multiple regions, including the United States and international markets.