Short Interest in Principal Real Estate Income Fund (NYSE:PGZ) Expands By 33.3%

Principal Real Estate Income Fund (NYSE:PGZGet Rating) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 4,800 shares, a growth of 33.3% from the April 30th total of 3,600 shares. Based on an average daily trading volume, of 20,600 shares, the short-interest ratio is presently 0.2 days.

NYSE:PGZ opened at $13.58 on Tuesday. Principal Real Estate Income Fund has a 12 month low of $13.07 and a 12 month high of $16.20. The firm has a fifty day simple moving average of $14.41 and a 200-day simple moving average of $14.96.

The firm also recently announced a monthly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, July 14th. This represents a $1.26 dividend on an annualized basis and a yield of 9.28%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new position in Principal Real Estate Income Fund during the fourth quarter valued at $196,000. International Assets Investment Management LLC acquired a new position in Principal Real Estate Income Fund during the first quarter valued at $157,000. First Trust Advisors LP lifted its position in Principal Real Estate Income Fund by 2.4% during the first quarter. First Trust Advisors LP now owns 135,412 shares of the company’s stock valued at $2,524,000 after purchasing an additional 3,129 shares during the period. Advisor Group Holdings Inc. lifted its position in Principal Real Estate Income Fund by 4.7% during the first quarter. Advisor Group Holdings Inc. now owns 41,918 shares of the company’s stock valued at $659,000 after purchasing an additional 1,877 shares during the period. Finally, Avantax Advisory Services Inc. acquired a new position in Principal Real Estate Income Fund during the first quarter valued at $599,000.

Principal Real Estate Income Fund Company Profile (Get Rating)

Principal Real Estate Income Fund is a closed ended balanced mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Principal Real Estate Investors, LLC. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in commercial mortgage backed securities, real estate investment trusts and REIT-like entities.

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