Principal Real Estate Income Fund (NYSE:PGZ) Short Interest Up 223.9% in June

Principal Real Estate Income Fund (NYSE:PGZ) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 42,944 shares, a growth of 223.9% from the May 31st total of 13,260 shares. Based on an average daily trading volume, of 25,037 shares, the short-interest ratio is presently 1.7 days.

Institutional Trading of Principal Real Estate Income Fund

Large investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. purchased a new position in Principal Real Estate Income Fund in the second quarter valued at about $123,000. Raymond James Financial Inc. boosted its position in shares of Principal Real Estate Income Fund by 77.3% in the second quarter. Raymond James Financial Inc. now owns 43,797 shares of the company’s stock worth $461,000 after buying an additional 19,095 shares during the period. First Trust Advisors LP boosted its position in shares of Principal Real Estate Income Fund by 3.2% in the third 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. Riverbridge Partners LLC grew its stake in shares of Principal Real Estate Income Fund by 29.1% in the fourth quarter. Riverbridge Partners LLC now owns 187,204 shares of the company’s stock valued at $1,874,000 after buying an additional 42,232 shares in the last quarter. Finally, Shaker Financial Services LLC raised its holdings in shares of Principal Real Estate Income Fund by 272.9% during the 4th quarter. Shaker Financial Services LLC now owns 50,826 shares of the company’s stock valued at $509,000 after buying an additional 37,197 shares during the period.

Principal Real Estate Income Fund Trading Up 1.1%

PGZ opened at $10.21 on Tuesday. Principal Real Estate Income Fund has a 52-week low of $9.32 and a 52-week high of $10.64. The company has a 50 day moving average of $9.98 and a two-hundred day moving average of $10.06.

Principal Real Estate Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a dividend of $0.105 per share. The ex-dividend date is Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 12.3%.

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.