CBRE Global Real Estate Income Fund (NYSE:IGR) Sees Significant Growth in Short Interest

CBRE Global Real Estate Income Fund (NYSE:IGR) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 260,200 shares, a growth of 112.6% from the August 31st total of 122,400 shares. Based on an average trading volume of 630,200 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 630,200 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in IGR. Flagship Harbor Advisors LLC grew its stake in shares of CBRE Global Real Estate Income Fund by 53.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,854,282 shares of the closed-end fund’s stock worth $9,568,000 after buying an additional 643,929 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of CBRE Global Real Estate Income Fund by 85.1% in the 1st quarter. J.W. Cole Advisors Inc. now owns 419,972 shares of the closed-end fund’s stock worth $2,167,000 after buying an additional 193,077 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of CBRE Global Real Estate Income Fund by 4.6% in the 1st quarter. Penserra Capital Management LLC now owns 3,587,307 shares of the closed-end fund’s stock worth $18,510,000 after buying an additional 158,349 shares in the last quarter. Sunpointe LLC purchased a new position in shares of CBRE Global Real Estate Income Fund in the 2nd quarter worth $449,000. Finally, LPL Financial LLC grew its stake in shares of CBRE Global Real Estate Income Fund by 9.0% in the 1st quarter. LPL Financial LLC now owns 848,820 shares of the closed-end fund’s stock worth $4,380,000 after buying an additional 69,744 shares in the last quarter.

CBRE Global Real Estate Income Fund Stock Up 0.3%

IGR opened at $5.18 on Monday. The company has a fifty day moving average of $5.01 and a 200 day moving average of $5.02. CBRE Global Real Estate Income Fund has a fifty-two week low of $4.20 and a fifty-two week high of $6.37.

CBRE Global Real Estate Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were paid a $0.06 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date of this dividend was Wednesday, August 20th.

CBRE Global Real Estate Income Fund Company Profile

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.