CBRE Global Real Estate Income Fund (NYSE:IGR) Short Interest Up 413.3% in January

CBRE Global Real Estate Income Fund (NYSE:IGR) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 776,222 shares, an increase of 413.3% from the December 31st total of 151,231 shares. Based on an average daily volume of 1,591,256 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 1,591,256 shares, the short-interest ratio is presently 0.5 days.

Insider Buying and Selling at CBRE Global Real Estate Income Fund

In related news, Director Peter Francis Finnerty bought 46,500 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was bought at an average price of $4.32 per share, with a total value of $200,880.00. Following the completion of the transaction, the director directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 50,286 shares of company stock valued at $216,861 over the last ninety days.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new stake in CBRE Global Real Estate Income Fund in the third quarter valued at $34,000. Northwestern Mutual Wealth Management Co. bought a new position in CBRE Global Real Estate Income Fund during the 2nd quarter worth approximately $41,000. PFG Investments LLC bought a new stake in shares of CBRE Global Real Estate Income Fund in the 4th quarter valued at approximately $44,000. Fifth Third Wealth Advisors LLC bought a new position in CBRE Global Real Estate Income Fund during the fourth quarter worth $47,000. Finally, Balboa Wealth Partners bought a new stake in CBRE Global Real Estate Income Fund during the third quarter valued at $65,000.

CBRE Global Real Estate Income Fund Stock Up 1.8%

NYSE:IGR traded up $0.09 during trading hours on Thursday, hitting $4.75. The stock had a trading volume of 1,185,405 shares, compared to its average volume of 1,493,390. The business has a 50 day simple moving average of $4.51 and a two-hundred day simple moving average of $4.81. CBRE Global Real Estate Income Fund has a 1-year low of $4.20 and a 1-year 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. Stockholders of record on Friday, March 20th will be given a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 15.2%. The ex-dividend date of this dividend is Friday, March 20th.

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.