CBRE Global Real Estate Income Fund (NYSE:IGR) Short Interest Down 15.9% in March

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its holdings in CBRE Global Real Estate Income Fund by 5.1% in the 4th quarter. UBS Group AG now owns 5,814,985 shares of the closed-end fund’s stock valued at $25,470,000 after purchasing an additional 284,748 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of CBRE Global Real Estate Income Fund by 19.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,246,044 shares of the closed-end fund’s stock valued at $9,838,000 after buying an additional 369,784 shares during the period. Flagship Harbor Advisors LLC boosted its stake in shares of CBRE Global Real Estate Income Fund by 0.8% in the fourth quarter. Flagship Harbor Advisors LLC now owns 1,981,572 shares of the closed-end fund’s stock valued at $8,679,000 after buying an additional 16,466 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of CBRE Global Real Estate Income Fund by 3.4% in the third quarter. Bank of America Corp DE now owns 1,907,673 shares of the closed-end fund’s stock valued at $9,805,000 after buying an additional 62,576 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new position in CBRE Global Real Estate Income Fund during the fourth quarter worth $6,015,000.

CBRE Global Real Estate Income Fund Stock Performance

NYSE:IGR traded up $0.02 during midday trading on Wednesday, reaching $4.41. The stock had a trading volume of 566,087 shares, compared to its average volume of 990,038. The firm has a fifty day simple moving average of $4.72 and a two-hundred day simple moving average of $4.74. CBRE Global Real Estate Income Fund has a 12-month low of $4.15 and a 12-month high of $5.37.

CBRE Global Real Estate Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 16.3%.

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.