Principal Real Estate Income Fund (NYSE:PGZ) Short Interest Up 242.2% in February

Principal Real Estate Income Fund (NYSE:PGZ) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 12,919 shares, a growth of 242.2% from the January 29th total of 3,775 shares. Based on an average daily trading volume, of 39,880 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 39,880 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Baird Financial Group Inc. bought a new stake in Principal Real Estate Income Fund in the 2nd quarter valued at about $123,000. Shaker Financial Services LLC bought a new stake in shares of Principal Real Estate Income Fund in the third quarter valued at approximately $143,000. LPL Financial LLC lifted its stake in shares of Principal Real Estate Income Fund by 37.3% during the 4th quarter. LPL Financial LLC now owns 18,883 shares of the company’s stock valued at $189,000 after buying an additional 5,125 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Principal Real Estate Income Fund during the 4th quarter valued at approximately $298,000. Finally, First Trust Advisors LP boosted its holdings in Principal Real Estate Income Fund by 3.2% in the 3rd quarter. First Trust Advisors LP now owns 35,828 shares of the company’s stock worth $375,000 after buying an additional 1,118 shares during the period.

Principal Real Estate Income Fund Price Performance

Shares of Principal Real Estate Income Fund stock remained flat at $10.45 on Friday. 48,869 shares of the stock were exchanged, compared to its average volume of 28,825. The business has a 50 day moving average of $10.19 and a 200 day moving average of $10.28. Principal Real Estate Income Fund has a 1 year low of $9.24 and a 1 year high of $10.76.

Principal Real Estate Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a $0.105 dividend. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date of this dividend is Thursday, April 16th.

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.