CBRE Global Real Estate Income Fund (NYSE:IGR) Shares Shorted: Short Interest Down 85.2% in October

CBRE Global Real Estate Income Fund (NYSE:IGR – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 27,358 shares, a drop of 85.2% from the September 30th total of 184,375 shares. Based on an average daily trading volume, of 493,847 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Institutional investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund during the second quarter worth about $66,000. Concurrent Investment Advisors LLC acquired a new position in shares of CBRE Global Real Estate Income Fund in the second quarter valued at approximately $78,000. Two Sigma Securities LLC acquired a new position in shares of CBRE Global Real Estate Income Fund in the second quarter valued at approximately $47,000. United Capital Financial Advisors LLC purchased a new stake in CBRE Global Real Estate Income Fund during the 2nd quarter worth approximately $50,000. Finally, Bank of America Corp DE purchased a new stake in CBRE Global Real Estate Income Fund during the 2nd quarter worth approximately $9,578,000.

CBRE Global Real Estate Income Fund Trading Down 0.7%

Shares of NYSE IGR traded down $0.08 during trading on Wednesday, reaching $10.74. The stock had a trading volume of 563,301 shares, compared to its average volume of 274,785. CBRE Global Real Estate Income Fund has a fifty-two week low of $10.54 and a fifty-two week high of $15.13. The business’s 50-day moving average price is $12.21 and its 200-day moving average price is $13.58.

CBRE Global Real Estate Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be issued a dividend of $0.18 per share. This represents a $2.16 dividend on an annualized basis and a yield of 20.1%. The ex-dividend date is Monday, December 21st.

About CBRE Global Real Estate Income Fund

(Get Free Report)

CBRE Global Real Estate Income Fund (NYSE: IGR) is a closed-end investment fund focused on generating current income and, secondarily, long-term capital appreciation through investments in real estate-related securities.

The fund invests in a diversified portfolio of publicly traded real estate companies and real estate investment trusts (REITs), as well as other real estate securities. Its holdings may include common and preferred stocks, debt securities, and other income-producing investments associated with the global real estate industry.

IGR provides exposure to real estate markets across multiple regions, including the United States and international markets.

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