CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Short Interest Drops 39.3%

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 184,375 shares, a drop of 39.3% from the September 15th total of 303,909 shares. Based on an average trading volume of 348,418 shares, the days-to-cover ratio is presently 0.5 days.

CBRE Global Real Estate Income Fund Stock Performance

NYSE IGR traded down $0.06 on Friday, reaching $11.15. 860,441 shares of the company were exchanged, compared to its average volume of 264,849. CBRE Global Real Estate Income Fund has a fifty-two week low of $10.84 and a fifty-two week high of $15.15. The business’s fifty day moving average price is $12.78 and its 200 day moving average price is $13.52.

CBRE Global Real Estate Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be paid a dividend of $0.18 per share. This represents a $2.16 annualized dividend and a yield of 19.4%. The ex-dividend date of this dividend is Monday, December 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Cooper Financial Group lifted its position in shares of CBRE Global Real Estate Income Fund by 1.6% during the second quarter. Cooper Financial Group now owns 265,530 shares of the closed-end fund’s stock valued at $1,224,000 after purchasing an additional 4,126 shares in the last quarter. Roman Butler Fullerton & Co. increased its stake in shares of CBRE Global Real Estate Income Fund by 1.9% in the first quarter. Roman Butler Fullerton & Co. now owns 276,840 shares of the closed-end fund’s stock worth $1,262,000 after purchasing an additional 5,282 shares in the last quarter. NWF Advisory Services Inc. raised its stake in shares of CBRE Global Real Estate Income Fund by 17.1% during the 4th quarter. NWF Advisory Services Inc. now owns 62,300 shares of the closed-end fund’s stock valued at $273,000 after purchasing an additional 9,100 shares during the period. Two Sigma Securities LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 2nd quarter valued at $47,000. Finally, United Capital Financial Advisors LLC bought a new position in shares of CBRE Global Real Estate Income Fund in the second quarter worth approximately $50,000.

CBRE Global Real Estate Income Fund Company Profile

CBRE Global Real Estate Income Fund (NYSE: IGR) is a closed-end investment fund focused on generating current income and, secondarily, long-term capital appreciation through investments in real estate-related securities.

The fund invests in a diversified portfolio of publicly traded real estate companies and real estate investment trusts (REITs), as well as other real estate securities. Its holdings may include common and preferred stocks, debt securities, and other income-producing investments associated with the global real estate industry.

IGR provides exposure to real estate markets across multiple regions, including the United States and international markets.