CBRE Global Real Estate Income Fund (NYSE:IGR) Short Interest Update

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 58,500 shares, a decline of 86.6% from the December 31st total of 437,000 shares. Based on an average daily trading volume, of 687,100 shares, the short-interest ratio is presently 0.1 days.

CBRE Global Real Estate Income Fund Stock Performance

Shares of CBRE Global Real Estate Income Fund stock traded down $0.09 during trading on Wednesday, reaching $5.13. The company had a trading volume of 526,898 shares, compared to its average volume of 856,372. CBRE Global Real Estate Income Fund has a fifty-two week low of $4.68 and a fifty-two week high of $6.69. The firm’s fifty day moving average is $5.24 and its 200-day moving average is $5.73.

CBRE Global Real Estate Income Fund Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.06 per share. This represents a yield of 13.66%. The ex-dividend date of this dividend is Tuesday, January 21st. This is an increase from CBRE Global Real Estate Income Fund’s previous dividend of $0.05.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Daymark Wealth Partners LLC bought a new position in CBRE Global Real Estate Income Fund in the fourth quarter worth about $49,000. SeaCrest Wealth Management LLC bought a new stake in shares of CBRE Global Real Estate Income Fund in the 4th quarter worth approximately $54,000. Leavell Investment Management Inc. boosted its position in CBRE Global Real Estate Income Fund by 25.0% during the 4th quarter. Leavell Investment Management Inc. now owns 12,500 shares of the closed-end fund’s stock valued at $60,000 after purchasing an additional 2,500 shares during the period. Jane Street Group LLC bought a new position in CBRE Global Real Estate Income Fund during the 3rd quarter worth $67,000. Finally, Ellis Investment Partners LLC acquired a new stake in CBRE Global Real Estate Income Fund in the third quarter worth $69,000.

About CBRE Global Real Estate Income Fund

CBRE Clarion Global Real Estate Income Fund specializes in investments in various property types, including office, retail, diversified, apartments, industrials, hotels, healthcare, and storage. It invests in the public equity markets across the developed markets of North America, Europe, Australia, and Asia.