CBRE Global Real Estate Income Fund (NYSE:IGR) Sees Significant Increase in Short Interest

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

CBRE Global Real Estate Income Fund Stock Down 0.2 %

IGR traded down $0.01 during trading on Monday, reaching $5.79. The stock had a trading volume of 35,067 shares, compared to its average volume of 609,611. The business has a 50-day moving average of $5.95 and a 200-day moving average of $5.70. CBRE Global Real Estate Income Fund has a one year low of $4.68 and a one year high of $6.69.

CBRE Global Real Estate Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 12.44%. This is an increase from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, December 20th.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC bought a new position in CBRE Global Real Estate Income Fund during the 3rd quarter valued at approximately $21,010,000. Flagship Harbor Advisors LLC bought a new stake in shares of CBRE Global Real Estate Income Fund during the 3rd quarter valued at about $10,415,000. Sanctuary Advisors LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the second quarter valued at about $2,765,000. Cetera Investment Advisers purchased a new position in shares of CBRE Global Real Estate Income Fund during the first quarter valued at about $1,965,000. Finally, Centaurus Financial Inc. bought a new position in CBRE Global Real Estate Income Fund in the third quarter worth about $1,129,000.

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.