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

CBRE Global Real Estate Income Fund (NYSE:IGR) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,758,315 shares, an increase of 126.5% from the January 15th total of 776,222 shares. Based on an average daily volume of 1,336,963 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 1,336,963 shares, the short-interest ratio is presently 1.3 days.

CBRE Global Real Estate Income Fund Price Performance

IGR stock traded up $0.02 during trading hours on Thursday, reaching $4.93. 731,780 shares of the stock were exchanged, compared to its average volume of 1,247,589. The firm’s 50-day moving average is $4.56 and its 200-day moving average is $4.80. CBRE Global Real Estate Income Fund has a 12 month low of $4.20 and a 12 month high of $5.37.

CBRE Global Real Estate Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a c) annualized dividend and a yield of 14.6%.

Insider Activity

In related news, Director Peter Francis Finnerty purchased 46,500 shares of the stock in a transaction dated Wednesday, December 17th. The stock was bought at an average cost of $4.32 per share, with a total value of $200,880.00. Following the purchase, the director directly owned 46,500 shares in the company, valued at $200,880. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Over the last 90 days, insiders have bought 50,286 shares of company stock valued at $216,861.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG lifted its position in shares of CBRE Global Real Estate Income Fund by 5.1% during 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 acquiring an additional 284,748 shares during the period. Penserra Capital Management LLC raised its stake in CBRE Global Real Estate Income Fund by 3.0% in the second quarter. Penserra Capital Management LLC now owns 3,696,579 shares of the closed-end fund’s stock valued at $19,554,000 after purchasing an additional 109,272 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in CBRE Global Real Estate Income Fund by 0.8% during the fourth quarter. Flagship Harbor Advisors LLC now owns 1,981,572 shares of the closed-end fund’s stock worth $8,679,000 after purchasing an additional 16,466 shares during the period. Bank of America Corp DE grew its stake in CBRE Global Real Estate Income Fund by 3.4% during the third quarter. Bank of America Corp DE now owns 1,907,673 shares of the closed-end fund’s stock worth $9,805,000 after buying an additional 62,576 shares in the last quarter. Finally, Absolute Investment Advisers LLC bought a new position in CBRE Global Real Estate Income Fund in the 4th quarter valued at about $6,100,000.

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.