CBRE Global Real Estate Income Fund (NYSE:IGR) Short Interest Down 22.7% in February

CBRE Global Real Estate Income Fund (NYSE:IGR) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,110,360 shares, a drop of 22.7% from the February 12th total of 1,437,077 shares. Based on an average daily trading volume, of 765,614 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily trading volume, of 765,614 shares, the days-to-cover ratio is currently 1.5 days.

CBRE Global Real Estate Income Fund Trading Down 0.3%

NYSE:IGR traded down $0.02 during trading hours on Friday, reaching $4.56. The company had a trading volume of 636,424 shares, compared to its average volume of 1,052,793. The business’s 50-day simple moving average is $4.79 and its two-hundred day simple moving average is $4.79. CBRE Global Real Estate Income Fund has a twelve month low of $4.20 and a twelve 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. Stockholders of record on Friday, March 20th will be paid a $0.06 dividend. The ex-dividend date is Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 15.8%.

Insider Activity at CBRE Global Real Estate Income Fund

In related news, Director Peter Francis Finnerty acquired 46,500 shares of the stock in a transaction dated Wednesday, December 17th. The stock was bought at an average price of $4.32 per share, for a total transaction of $200,880.00. Following the purchase, the director directly owned 46,500 shares of the company’s stock, valued at $200,880. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

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

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.