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

CBRE Global Real Estate Income Fund (NYSE:IGR) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 52,693 shares, a decline of 70.9% from the November 30th total of 181,019 shares. Based on an average daily volume of 1,453,574 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 1,453,574 shares, the short-interest ratio is currently 0.0 days.

Insiders Place Their Bets

In related news, Director Peter Francis Finnerty bought 46,500 shares of the stock in a transaction on Wednesday, December 17th. The shares were bought at an average cost of $4.32 per share, for a total transaction of $200,880.00. Following the completion of the transaction, the director owned 46,500 shares of the company’s stock, valued at $200,880. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 50,286 shares of company stock worth $216,861 over the last quarter.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Hedge funds have recently modified their holdings of the company. Atticus Wealth Management LLC grew its holdings in shares of CBRE Global Real Estate Income Fund by 41.0% during the second quarter. Atticus Wealth Management LLC now owns 7,340 shares of the closed-end fund’s stock worth $39,000 after buying an additional 2,136 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of CBRE Global Real Estate Income Fund by 12.7% during the 3rd quarter. Global Retirement Partners LLC now owns 25,114 shares of the closed-end fund’s stock worth $129,000 after purchasing an additional 2,828 shares during the period. Roman Butler Fullerton & Co. grew its position in shares of CBRE Global Real Estate Income Fund by 1.2% in the second quarter. Roman Butler Fullerton & Co. now owns 257,529 shares of the closed-end fund’s stock valued at $1,282,000 after purchasing an additional 2,997 shares during the period. SeaCrest Wealth Management LLC lifted its position in CBRE Global Real Estate Income Fund by 7.8% during the second quarter. SeaCrest Wealth Management LLC now owns 42,345 shares of the closed-end fund’s stock worth $224,000 after buying an additional 3,054 shares during the period. Finally, Samalin Investment Counsel LLC grew its holdings in CBRE Global Real Estate Income Fund by 3.7% in the 3rd quarter. Samalin Investment Counsel LLC now owns 93,407 shares of the closed-end fund’s stock valued at $480,000 after buying an additional 3,296 shares during the period.

CBRE Global Real Estate Income Fund Price Performance

IGR stock traded up $0.03 on Friday, reaching $4.33. The company had a trading volume of 1,100,157 shares, compared to its average volume of 711,298. The company’s fifty day moving average is $4.62 and its 200 day moving average is $4.91. CBRE Global Real Estate Income Fund has a 1 year low of $4.20 and a 1 year high of $5.37.

CBRE Global Real Estate Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 19th will be given a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 16.6%. The ex-dividend date is Friday, December 19th.

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.