Short Interest in Principal Real Estate Income Fund (NYSE:PGZ) Declines By 52.0%

Principal Real Estate Income Fund (NYSE:PGZ) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 8,604 shares, a drop of 52.0% from the August 15th total of 17,916 shares. Based on an average daily trading volume, of 25,070 shares, the days-to-cover ratio is currently 0.3 days.

Principal Real Estate Income Fund Trading Down 0.3%

PGZ stock traded down $0.03 during midday trading on Tuesday, reaching $9.52. 37,441 shares of the company traded hands, compared to its average volume of 24,607. Principal Real Estate Income Fund has a 52-week low of $9.32 and a 52-week high of $10.60. The business has a 50 day moving average of $10.06 and a 200-day moving average of $10.03.

Principal Real Estate Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a c) annualized dividend and a dividend yield of 13.2%.

Institutional Trading of Principal Real Estate Income Fund

Institutional investors have recently bought and sold shares of the stock. Lido Advisors LLC bought a new position in Principal Real Estate Income Fund during the first quarter valued at $119,000. First Trust Advisors LP raised its stake in shares of Principal Real Estate Income Fund by 7.5% in the first quarter. First Trust Advisors LP now owns 36,243 shares of the company’s stock valued at $348,000 after acquiring an additional 2,522 shares during the period. NWF Advisory Services Inc. lifted its holdings in shares of Principal Real Estate Income Fund by 5.5% in the 1st quarter. NWF Advisory Services Inc. now owns 48,200 shares of the company’s stock worth $463,000 after acquiring an additional 2,500 shares during the last quarter. Closed End Fund Advisors Inc. bought a new stake in shares of Principal Real Estate Income Fund in the 4th quarter worth about $827,000. Finally, Riverbridge Partners LLC boosted its stake in shares of Principal Real Estate Income Fund by 8.0% during the 1st quarter. Riverbridge Partners LLC now owns 202,268 shares of the company’s stock worth $1,944,000 after purchasing an additional 15,064 shares during the period.

About Principal Real Estate Income Fund

Principal Real Estate Income Fund Inc (NYSE: PGZ) is a diversified, closed-end management investment company that seeks a high level of current income and capital appreciation through investments in real estate securities. Launched in 2015 and managed by Principal Real Estate Investors, LLC, the fund primarily targets publicly traded equity and mortgage real estate investment trusts (REITs), as well as real estate operating companies. It offers investors access to a broad real estate portfolio that may include residential, office, industrial, retail and specialty property sectors.

The fund’s investment approach emphasizes a balance between income generation and total return potential.