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

CBRE Global Real Estate Income Fund (NYSE:IGR – Get Rating) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 31,700 shares, a growth of 142.0% from the April 30th total of 13,100 shares. Based on an average daily volume of 726,000 shares, the short-interest ratio is currently 0.0 days.

Insider Activity

In other CBRE Global Real Estate Income Fund news, Director T Ritson Ferguson bought 5,000 shares of the company’s stock in a transaction dated Wednesday, April 5th. The shares were bought at an average price of $5.26 per share, for a total transaction of $26,300.00. Following the acquisition, the director now directly owns 78,514 shares of the company’s stock, valued at $412,983.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Several large investors have recently made changes to their positions in IGR. Ameritas Advisory Services LLC bought a new stake in shares of CBRE Global Real Estate Income Fund in the 1st quarter valued at approximately $25,000. Occidental Asset Management LLC bought a new stake in CBRE Global Real Estate Income Fund during the fourth quarter worth approximately $58,000. Lido Advisors LLC bought a new stake in CBRE Global Real Estate Income Fund during the first quarter worth approximately $63,000. Fiduciary Group LLC bought a new stake in CBRE Global Real Estate Income Fund during the third quarter worth approximately $64,000. Finally, Advocate Group LLC bought a new stake in CBRE Global Real Estate Income Fund during the first quarter worth approximately $72,000.

CBRE Global Real Estate Income Fund Price Performance

Shares of NYSE IGR opened at $4.98 on Friday. The business has a 50 day simple moving average of $5.29 and a 200 day simple moving average of $5.93. CBRE Global Real Estate Income Fund has a 52 week low of $4.94 and a 52 week high of $8.32.

CBRE Global Real Estate Income Fund Increases Dividend

The company also recently declared a — dividend, which was paid on Thursday, April 20th. Investors of record on Friday, April 28th were paid a $0.06 dividend. This is a boost from CBRE Global Real Estate Income Fund’s previous — dividend of $0.05. The ex-dividend date was Wednesday, April 19th. This represents a dividend yield of 13.6%.

CBRE Global Real Estate Income Fund Company Profile

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CBRE Global Real Estate Income Fund operates as a closed-end management investment company. Its primary objective is high current income and its secondary objective is capital appreciation. The company also engages in investing in real estate securities mainly located in North America, Europe, Australia, and Asia.