Short Interest in CBRE Global Real Estate Income Fund (NYSE:IGR) Grows By 413.3%

CBRE Global Real Estate Income Fund (NYSE:IGR) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 776,222 shares, an increase of 413.3% from the December 31st total of 151,231 shares. Based on an average daily trading volume, of 1,591,256 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 1,591,256 shares, the days-to-cover ratio is currently 0.5 days.

CBRE Global Real Estate Income Fund Price Performance

NYSE:IGR opened at $4.72 on Wednesday. CBRE Global Real Estate Income Fund has a 1-year low of $4.20 and a 1-year high of $5.37. The business’s fifty day moving average price is $4.50 and its 200 day moving average price is $4.82.

CBRE Global Real Estate Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 15.3%.

Insider Activity at CBRE Global Real Estate Income Fund

In other news, Director Peter Francis Finnerty acquired 46,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average price of $4.32 per share, with a total value of $200,880.00. Following the purchase, the director owned 46,500 shares of the company’s stock, valued at approximately $200,880. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders have purchased 50,286 shares of company stock valued at $216,861.

Institutional Trading of CBRE Global Real Estate Income Fund

A number of institutional investors have recently added to or reduced their stakes in IGR. Root Financial Partners LLC bought a new stake in CBRE Global Real Estate Income Fund during the 3rd quarter valued at approximately $34,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of CBRE Global Real Estate Income Fund in the 2nd quarter valued at approximately $41,000. PFG Investments LLC acquired a new position in CBRE Global Real Estate Income Fund during the fourth quarter worth $44,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund during the 4th quarter worth about $47,000. Finally, Balboa Wealth Partners acquired a new stake in shares of CBRE Global Real Estate Income Fund during the third quarter worth approximately $65,000.

CBRE Global Real Estate Income Fund Company Profile

CBRE Global Real Estate Income Fund Inc (NYSE: IGR) is a closed‐end management investment company that seeks to provide attractive levels of current income and capital appreciation by investing primarily in global real estate securities. Managed by CBRE Investment Management, the fund’s portfolio is composed of publicly traded real estate investment trusts (REITs), real estate operating companies and other real estate‐related equity securities across developed and emerging markets.

The fund employs a research‐driven, bottom‐up investment approach, leveraging CBRE’s global platform and market intelligence to identify opportunities in diverse property sectors, including office, retail, industrial, residential and hospitality.