CBRE Global Real Estate Income Fund (NYSE:IGR – Get Free Report) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 303,909 shares, a drop of 74.9% from the August 31st total of 1,211,251 shares. Based on an average daily trading volume, of 355,532 shares, the short-interest ratio is presently 0.9 days.
Hedge Funds Weigh In On CBRE Global Real Estate Income Fund
Institutional investors and hedge funds have recently made changes to their positions in the business. Two Sigma Securities LLC bought a new stake in CBRE Global Real Estate Income Fund in the second quarter worth $47,000. United Capital Financial Advisors LLC purchased a new stake in CBRE Global Real Estate Income Fund during the second quarter valued at about $50,000. Occidental Asset Management LLC bought a new position in shares of CBRE Global Real Estate Income Fund during the second quarter valued at about $64,000. Ameritas Advisory Services LLC bought a new position in shares of CBRE Global Real Estate Income Fund during the second quarter valued at about $66,000. Finally, CENTRAL TRUST Co purchased a new position in shares of CBRE Global Real Estate Income Fund in the first quarter worth about $67,000.
CBRE Global Real Estate Income Fund Stock Performance
NYSE:IGR traded down $0.14 during mid-day trading on Monday, reaching $11.74. The stock had a trading volume of 406,297 shares, compared to its average volume of 246,421. The firm has a 50 day moving average price of $13.52 and a two-hundred day moving average price of $13.71. CBRE Global Real Estate Income Fund has a one year low of $11.73 and a one year high of $15.60.
CBRE Global Real Estate Income Fund Announces Dividend
About CBRE Global Real Estate Income Fund
CBRE Global Real Estate Income Fund, Inc (NYSE: IGR) is a closed-end investment fund focused on the global real estate securities market. The fund seeks to provide investors with current income and, as a secondary objective, long-term capital appreciation.
IGR invests primarily in publicly traded equity and debt securities issued by real estate investment trusts, real estate operating companies and other property-related businesses. Its portfolio may include companies involved in sectors such as office, residential, retail, industrial, lodging, health care and specialized real estate.
The fund provides exposure to real estate markets in the United States and other developed and emerging economies.
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