Short Interest in CBRE Global Real Estate Income Fund (NYSE:IGR) Expands By 413.3%

CBRE Global Real Estate Income Fund (NYSE:IGR) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 776,222 shares, an increase of 413.3% from the December 31st total of 151,231 shares. Based on an average daily trading volume, of 1,591,256 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 1,591,256 shares, the short-interest ratio is presently 0.5 days.

Insider Buying and Selling at CBRE Global Real Estate Income Fund

In other CBRE Global Real Estate Income Fund news, Director Peter Francis Finnerty bought 46,500 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was acquired at an average price of $4.32 per share, for a total transaction of $200,880.00. Following the completion of the purchase, the director owned 46,500 shares of the company’s stock, valued at approximately $200,880. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 50,286 shares of company stock valued at $216,861 over the last three months.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

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 during the 3rd quarter valued at approximately $1,532,000. Susquehanna International Group LLP acquired a new position in shares of CBRE Global Real Estate Income Fund in the 3rd quarter valued at about $1,112,000. UBS Group AG grew its holdings in shares of CBRE Global Real Estate Income Fund by 3.4% during the third quarter. UBS Group AG now owns 5,530,237 shares of the closed-end fund’s stock valued at $28,425,000 after purchasing an additional 183,244 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in CBRE Global Real Estate Income Fund during the 3rd quarter worth $663,000. Finally, Penserra Capital Management LLC grew its position in shares of CBRE Global Real Estate Income Fund by 3.0% during the second quarter. Penserra Capital Management LLC now owns 3,696,579 shares of the closed-end fund’s stock worth $19,554,000 after acquiring an additional 109,272 shares during the last quarter.

CBRE Global Real Estate Income Fund Stock Up 1.0%

Shares of IGR stock opened at $4.72 on Wednesday. CBRE Global Real Estate Income Fund has a 1 year low of $4.20 and a 1 year high of $5.37. The stock has a fifty day moving average price of $4.50 and a 200 day moving average price of $4.82.

CBRE Global Real Estate Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 15.3%.

CBRE Global Real Estate Income Fund Company Profile

CBRE Global Real Estate Income Fund Inc (NYSE: IGR) is a closed‐end management investment company that seeks to provide attractive levels of current income and capital appreciation by investing primarily in global real estate securities. Managed by CBRE Investment Management, the fund’s portfolio is composed of publicly traded real estate investment trusts (REITs), real estate operating companies and other real estate‐related equity securities across developed and emerging markets.

The fund employs a research‐driven, bottom‐up investment approach, leveraging CBRE’s global platform and market intelligence to identify opportunities in diverse property sectors, including office, retail, industrial, residential and hospitality.