CBRE Global Real Estate Income Fund (NYSE:IGR) Sees Large Growth in Short Interest

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

CBRE Global Real Estate Income Fund Price Performance

CBRE Global Real Estate Income Fund stock opened at $5.31 on Friday. CBRE Global Real Estate Income Fund has a 52 week low of $4.68 and a 52 week high of $6.69. The company’s 50 day moving average price is $5.12 and its two-hundred day moving average price is $5.70.

CBRE Global Real Estate Income Fund Announces Dividend

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

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Several hedge funds have recently modified their holdings of IGR. HighTower Advisors LLC raised its holdings in shares of CBRE Global Real Estate Income Fund by 5.7% in the 3rd quarter. HighTower Advisors LLC now owns 36,903 shares of the closed-end fund’s stock worth $244,000 after purchasing an additional 2,000 shares during the period. Roman Butler Fullerton & Co. raised its holdings in shares of CBRE Global Real Estate Income Fund by 0.8% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 268,060 shares of the closed-end fund’s stock worth $1,643,000 after purchasing an additional 2,018 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of CBRE Global Real Estate Income Fund by 21.6% in the 4th 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 during the period. Leavell Investment Management Inc. raised 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 worth $60,000 after purchasing an additional 2,500 shares during the period. Finally, Choreo LLC raised its holdings in shares of CBRE Global Real Estate Income Fund by 4.0% in the 4th quarter. Choreo LLC now owns 77,897 shares of the closed-end fund’s stock worth $379,000 after purchasing an additional 2,993 shares during the period.

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.