CBRE Global Real Estate Income Fund (NYSE:IGR) Sees Large Drop in Short Interest

CBRE Global Real Estate Income Fund (NYSE:IGR) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 52,693 shares, a decline of 70.9% from the November 30th total of 181,019 shares. Based on an average daily volume of 1,453,574 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 1,453,574 shares, the short-interest ratio is presently 0.0 days.

CBRE Global Real Estate Income Fund Stock Up 1.9%

IGR opened at $4.30 on Thursday. The stock’s 50 day moving average price is $4.65 and its 200-day moving average price is $4.93. CBRE Global Real Estate Income Fund has a one year low of $4.20 and a one year high of $5.37.

CBRE Global Real Estate Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 19th will be issued a $0.06 dividend. The ex-dividend date is Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 16.7%.

Insider Buying and Selling

In related news, Director Peter Francis Finnerty bought 46,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average cost of $4.32 per share, with a total value of $200,880.00. Following the completion of the purchase, the director owned 46,500 shares of the company’s stock, valued at approximately $200,880. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders purchased 50,286 shares of company stock valued at $216,861.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Several hedge funds have recently made changes to their positions in IGR. UBS Group AG boosted its stake in CBRE Global Real Estate Income Fund by 3.4% in the third quarter. UBS Group AG now owns 5,530,237 shares of the closed-end fund’s stock valued at $28,425,000 after acquiring an additional 183,244 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of CBRE Global Real Estate Income Fund by 3.0% during the 2nd quarter. Penserra Capital Management LLC now owns 3,696,579 shares of the closed-end fund’s stock valued at $19,554,000 after purchasing an additional 109,272 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of CBRE Global Real Estate Income Fund by 2.6% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,965,106 shares of the closed-end fund’s stock valued at $10,101,000 after purchasing an additional 48,910 shares during the last quarter. Bank of America Corp DE boosted its position in shares of CBRE Global Real Estate Income Fund by 3.4% in the 3rd quarter. Bank of America Corp DE now owns 1,907,673 shares of the closed-end fund’s stock worth $9,805,000 after purchasing an additional 62,576 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in CBRE Global Real Estate Income Fund by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,014,553 shares of the closed-end fund’s stock worth $5,206,000 after buying an additional 68,690 shares during the last quarter.

About CBRE Global Real Estate Income Fund

CBRE Global Real Estate Income Fund Inc (NYSE: IGR) is a closed‐end management investment company that seeks to provide attractive levels of current income and capital appreciation by investing primarily in global real estate securities. Managed by CBRE Investment Management, the fund’s portfolio is composed of publicly traded real estate investment trusts (REITs), real estate operating companies and other real estate‐related equity securities across developed and emerging markets.

The fund employs a research‐driven, bottom‐up investment approach, leveraging CBRE’s global platform and market intelligence to identify opportunities in diverse property sectors, including office, retail, industrial, residential and hospitality.