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

CBRE Global Real Estate Income Fund (NYSE:IGRGet Rating) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 159,700 shares, a decrease of 56.1% from the March 31st total of 363,600 shares. Based on an average trading volume of 361,900 shares, the days-to-cover ratio is presently 0.4 days.

In other CBRE Global Real Estate Income Fund news, CEO Joseph P. Smith acquired 3,649 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The stock was purchased at an average cost of $8.23 per share, for a total transaction of $30,031.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leslie E. Greis acquired 24,238 shares of the firm’s stock in a transaction that occurred on Tuesday, March 15th. The stock was acquired at an average price of $8.20 per share, with a total value of $198,751.60. The disclosure for this purchase can be found here. Insiders purchased 30,237 shares of company stock valued at $248,161 over the last quarter.

Hedge funds have recently added to or reduced their stakes in the business. Reilly Financial Advisors LLC bought a new stake in CBRE Global Real Estate Income Fund during the fourth quarter valued at about $33,000. UMB Bank N A MO bought a new stake in CBRE Global Real Estate Income Fund during the fourth quarter valued at about $40,000. Gemmer Asset Management LLC boosted its holdings in CBRE Global Real Estate Income Fund by 618.8% during the first quarter. Gemmer Asset Management LLC now owns 5,750 shares of the closed-end fund’s stock valued at $51,000 after acquiring an additional 4,950 shares during the period. Confluence Wealth Services Inc. bought a new stake in CBRE Global Real Estate Income Fund during the fourth quarter valued at about $56,000. Finally, Ahrens Investment Partners LLC bought a new stake in CBRE Global Real Estate Income Fund during the fourth quarter valued at about $57,000.

IGR stock traded down $0.23 during mid-day trading on Friday, reaching $8.44. 444,970 shares of the stock traded hands, compared to its average volume of 358,375. CBRE Global Real Estate Income Fund has a 52 week low of $7.66 and a 52 week high of $9.89. The business has a 50-day moving average of $8.59 and a two-hundred day moving average of $8.88.

The company also recently declared a monthly dividend, which was paid on Friday, April 29th. Shareholders of record on Wednesday, April 20th were issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 8.53%. The ex-dividend date was Tuesday, April 19th.

About CBRE Global Real Estate Income Fund (Get Rating)

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.

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