CBRE Global Real Estate Income Fund (NYSE:IGR) Short Interest Update

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 933,933 shares, a decline of 15.9% from the February 26th total of 1,110,360 shares. Based on an average trading volume of 736,120 shares, the short-interest ratio is presently 1.3 days.

CBRE Global Real Estate Income Fund Stock Up 0.1%

CBRE Global Real Estate Income Fund stock opened at $4.17 on Monday. CBRE Global Real Estate Income Fund has a twelve month low of $4.15 and a twelve month high of $5.37. The stock’s fifty day simple moving average is $4.74 and its 200-day simple moving average is $4.75.

CBRE Global Real Estate Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, March 20th. This represents a c) annualized dividend and a yield of 17.3%.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new position in shares of CBRE Global Real Estate Income Fund during the third quarter worth about $34,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of CBRE Global Real Estate Income Fund during the second quarter worth approximately $41,000. PFG Investments LLC acquired a new stake in CBRE Global Real Estate Income Fund in the fourth quarter valued at approximately $44,000. Jump Financial LLC purchased a new position in CBRE Global Real Estate Income Fund in the fourth quarter worth approximately $44,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in CBRE Global Real Estate Income Fund in the fourth quarter worth approximately $47,000.

About CBRE Global Real Estate Income Fund

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.