CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Short Interest Declines 39.3%

CBRE Global Real Estate Income Fund (NYSE:IGR) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 184,375 shares, a drop of 39.3% from the September 15th total of 303,909 shares. Based on an average daily volume of 348,418 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC purchased a new position in shares of CBRE Global Real Estate Income Fund in the second quarter worth approximately $47,000. United Capital Financial Advisors LLC purchased a new stake in CBRE Global Real Estate Income Fund in the second quarter worth about $50,000. Occidental Asset Management LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 2nd quarter valued at about $64,000. Ameritas Advisory Services LLC purchased a new stake in CBRE Global Real Estate Income Fund in the 2nd quarter worth approximately $66,000. Finally, CENTRAL TRUST Co purchased a new position in CBRE Global Real Estate Income Fund during the first quarter valued at approximately $67,000.

CBRE Global Real Estate Income Fund Trading Down 0.5%

Shares of NYSE IGR traded down $0.06 during trading on Friday, reaching $11.15. The company had a trading volume of 860,441 shares, compared to its average volume of 264,849. CBRE Global Real Estate Income Fund has a 12-month low of $10.84 and a 12-month high of $15.15. The business’s 50-day moving average is $12.78 and its 200 day moving average is $13.52.

CBRE Global Real Estate Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be issued a $0.18 dividend. This represents a $2.16 annualized dividend and a yield of 19.4%. The ex-dividend date is Monday, December 21st.

About CBRE Global Real Estate Income Fund

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.