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

CBRE Global Real Estate Income Fund (NYSE:IGR) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 1,437,077 shares, a decrease of 18.3% from the January 29th total of 1,758,315 shares. Based on an average daily trading volume, of 805,528 shares, the short-interest ratio is currently 1.8 days. Based on an average daily trading volume, of 805,528 shares, the short-interest ratio is currently 1.8 days.

Insider Transactions at CBRE Global Real Estate Income Fund

In related news, Director Peter Francis Finnerty purchased 46,500 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average cost of $4.32 per share, for a total transaction of $200,880.00. Following the acquisition, the director owned 46,500 shares of the company’s stock, valued at $200,880. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders acquired 50,286 shares of company stock worth $216,861.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

A number of large investors have recently made changes to their positions in the business. Root Financial Partners LLC purchased a new position in CBRE Global Real Estate Income Fund during the 3rd quarter worth $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 about $41,000. PFG Investments LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund during the fourth quarter worth about $44,000. Jump Financial LLC acquired a new position in shares of CBRE Global Real Estate Income Fund during the fourth quarter valued at about $44,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of CBRE Global Real Estate Income Fund in the 4th quarter valued at approximately $47,000.

CBRE Global Real Estate Income Fund Price Performance

IGR traded down $0.07 on Tuesday, hitting $4.93. The company had a trading volume of 1,158,892 shares, compared to its average volume of 1,123,588. The stock has a fifty day moving average price of $4.73 and a 200-day moving average price of $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 company also recently announced 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) dividend on an annualized basis and a yield of 14.6%.

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.