Short Interest in CBRE Global Real Estate Income Fund (NYSE:IGR) Grows By 461.5%

CBRE Global Real Estate Income Fund (NYSE:IGRGet Rating) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 147,100 shares, a growth of 461.5% from the April 30th total of 26,200 shares. Based on an average daily trading volume, of 361,400 shares, the days-to-cover ratio is presently 0.4 days.

In related news, CEO Joseph P. Smith purchased 3,649 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The shares were bought at an average price of $8.23 per share, for a total transaction of $30,031.27. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leslie E. Greis purchased 24,238 shares of the firm’s stock in a transaction that occurred on Tuesday, March 15th. The shares were bought at an average price of $8.20 per share, for a total transaction of $198,751.60. The disclosure for this purchase can be found here. Insiders have bought a total of 33,226 shares of company stock worth $272,033 over the last three months.

Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new position in shares of CBRE Global Real Estate Income Fund in the second quarter worth about $157,000. Morgan Stanley boosted its position in CBRE Global Real Estate Income Fund by 15.8% in the 2nd quarter. Morgan Stanley now owns 3,249,843 shares of the closed-end fund’s stock worth $28,631,000 after purchasing an additional 444,471 shares in the last quarter. Creative Planning acquired a new stake in shares of CBRE Global Real Estate Income Fund during the 3rd quarter worth approximately $88,000. Rockefeller Capital Management L.P. lifted its stake in shares of CBRE Global Real Estate Income Fund by 15.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 155,635 shares of the closed-end fund’s stock valued at $1,301,000 after purchasing an additional 20,444 shares during the period. Finally, Centaurus Financial Inc. boosted its holdings in CBRE Global Real Estate Income Fund by 22.1% during the third quarter. Centaurus Financial Inc. now owns 236,663 shares of the closed-end fund’s stock worth $1,979,000 after buying an additional 42,873 shares in the last quarter.

IGR opened at $7.71 on Thursday. CBRE Global Real Estate Income Fund has a 12-month low of $7.45 and a 12-month high of $9.89. The business’s fifty day simple moving average is $8.50 and its 200-day simple moving average is $8.76.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 31st. Investors of record on Friday, May 20th will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 9.34%. The ex-dividend date of this dividend is Thursday, May 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.

See Also

Receive News & Ratings for CBRE Global Real Estate Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Global Real Estate Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.