Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 42,944 shares, an increase of 223.9% from the May 31st total of 13,260 shares. Based on an average trading volume of 25,037 shares, the short-interest ratio is currently 1.7 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new stake in Principal Real Estate Income Fund in the 4th quarter valued at about $298,000. Advisors Asset Management Inc. boosted its position in Principal Real Estate Income Fund by 15.6% during the fourth quarter. Advisors Asset Management Inc. now owns 175,038 shares of the company’s stock worth $1,752,000 after purchasing an additional 23,664 shares during the period. Evolve Private Wealth LLC purchased a new position in shares of Principal Real Estate Income Fund in the fourth quarter worth about $710,000. Raymond James Financial Inc. increased its stake in shares of Principal Real Estate Income Fund by 12.0% in the third quarter. Raymond James Financial Inc. now owns 49,062 shares of the company’s stock worth $513,000 after purchasing an additional 5,265 shares in the last quarter. Finally, Guggenheim Capital LLC bought a new stake in shares of Principal Real Estate Income Fund in the fourth quarter valued at approximately $422,000.
Principal Real Estate Income Fund Trading Up 0.5%
Shares of Principal Real Estate Income Fund stock traded up $0.06 during trading hours on Friday, hitting $10.12. 12,549 shares of the company’s stock traded hands, compared to its average volume of 26,547. Principal Real Estate Income Fund has a 12-month low of $9.32 and a 12-month high of $10.64. The company has a fifty day simple moving average of $9.98 and a 200-day simple moving average of $10.05.
Principal Real Estate Income Fund Announces Dividend
Principal Real Estate Income Fund Company Profile
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.
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