Short Interest in CBRE Global Real Estate Income Fund (NYSE:IGR) Rises By 126.5%

CBRE Global Real Estate Income Fund (NYSE:IGR) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 1,758,315 shares, a growth of 126.5% from the January 15th total of 776,222 shares. Based on an average daily trading volume, of 1,336,963 shares, the short-interest ratio is presently 1.3 days. Based on an average daily trading volume, of 1,336,963 shares, the short-interest ratio is presently 1.3 days.

CBRE Global Real Estate Income Fund Price Performance

CBRE Global Real Estate Income Fund stock traded up $0.12 during mid-day trading on Friday, hitting $5.04. The stock had a trading volume of 1,152,200 shares, compared to its average volume of 1,244,497. The stock has a 50-day simple moving average of $4.57 and a two-hundred day simple moving average of $4.80. CBRE Global Real Estate Income Fund has a 12 month low of $4.20 and a 12 month high of $5.37.

CBRE Global Real Estate Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be issued a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 14.3%. The ex-dividend date of this dividend is Friday, March 20th.

Insider Buying and Selling

In other news, Director Peter Francis Finnerty bought 46,500 shares of the stock in a transaction dated 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 purchase, the director owned 46,500 shares of the company’s stock, valued at approximately $200,880. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders acquired 50,286 shares of company stock valued at $216,861.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in CBRE Global Real Estate Income Fund by 17.9% during the first quarter. Royal Bank of Canada now owns 365,245 shares of the closed-end fund’s stock valued at $1,885,000 after purchasing an additional 55,324 shares during the period. Roman Butler Fullerton & Co. raised its stake in CBRE Global Real Estate Income Fund by 1.2% during the 2nd quarter. Roman Butler Fullerton & Co. now owns 257,529 shares of the closed-end fund’s stock worth $1,282,000 after buying an additional 2,997 shares during the period. Envestnet Asset Management Inc. acquired a new stake in CBRE Global Real Estate Income Fund during the 2nd quarter worth $112,000. Flagship Harbor Advisors LLC grew its stake in CBRE Global Real Estate Income Fund by 3.3% in the second quarter. Flagship Harbor Advisors LLC now owns 1,916,196 shares of the closed-end fund’s stock valued at $10,137,000 after acquiring an additional 61,914 shares during the period. Finally, 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 in 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.