Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 5,597 shares, a drop of 81.4% from the April 15th total of 30,050 shares. Based on an average trading volume of 25,193 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in shares of Principal Real Estate Income Fund in the 3rd quarter worth about $1,583,000. Closed End Fund Advisors Inc. purchased a new position in shares of Principal Real Estate Income Fund during the 4th quarter valued at about $827,000. Evolve Private Wealth LLC purchased a new position in shares of Principal Real Estate Income Fund during the 4th quarter valued at about $710,000. Riverbridge Partners LLC lifted its position in Principal Real Estate Income Fund by 29.1% in the 4th quarter. Riverbridge Partners LLC now owns 187,204 shares of the company’s stock worth $1,874,000 after buying an additional 42,232 shares during the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in Principal Real Estate Income Fund in the fourth quarter worth approximately $422,000.
Principal Real Estate Income Fund Stock Down 0.4%
Shares of PGZ stock traded down $0.04 during trading on Tuesday, hitting $10.06. The company had a trading volume of 837 shares, compared to its average volume of 28,039. The stock’s 50-day moving average is $10.06 and its two-hundred day moving average is $10.14. Principal Real Estate Income Fund has a 52 week low of $9.32 and a 52 week high of $10.64.
Principal Real Estate Income Fund Announces Dividend
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.
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