Short Interest in Principal Real Estate Income Fund (NYSE:PGZ) Rises By 75.9%

Principal Real Estate Income Fund (NYSE:PGZ) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 34,300 shares, a growth of 75.9% from the September 30th total of 19,500 shares. Based on an average trading volume of 32,700 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 32,700 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Principal Real Estate Income Fund

A number of institutional investors have recently added to or reduced their stakes in PGZ. Baird Financial Group Inc. bought a new position in shares of Principal Real Estate Income Fund in the second quarter valued at approximately $123,000. Shaker Financial Services LLC bought a new position in shares of Principal Real Estate Income Fund in the third quarter valued at approximately $143,000. Clear Creek Financial Management LLC bought a new position in shares of Principal Real Estate Income Fund in the first quarter valued at approximately $178,000. RFG Advisory LLC raised its position in shares of Principal Real Estate Income Fund by 16.8% in the second quarter. RFG Advisory LLC now owns 18,074 shares of the company’s stock valued at $190,000 after purchasing an additional 2,600 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Principal Real Estate Income Fund by 16.4% in the first quarter. Cetera Investment Advisers now owns 23,102 shares of the company’s stock valued at $243,000 after purchasing an additional 3,253 shares during the period.

Principal Real Estate Income Fund Trading Down 0.1%

NYSE PGZ opened at $10.38 on Monday. The company has a 50 day moving average price of $10.45 and a two-hundred day moving average price of $10.41. Principal Real Estate Income Fund has a 12-month low of $9.24 and a 12-month high of $10.95.

Principal Real Estate Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be paid a $0.105 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 12.1%.

Principal Real Estate Income Fund Company Profile

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.