CBRE Global Real Estate Income Fund (NYSE:IGR) Short Interest Down 45.3% in February

CBRE Global Real Estate Income Fund (NYSE:IGR) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 423,900 shares, a drop of 45.3% from the February 13th total of 774,900 shares. Based on an average daily trading volume, of 869,300 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Daymark Wealth Partners LLC acquired a new position in CBRE Global Real Estate Income Fund during the 4th quarter worth $49,000. Centurion Wealth Management LLC acquired a new position in CBRE Global Real Estate Income Fund during the 4th quarter worth $50,000. SeaCrest Wealth Management LLC acquired a new position in CBRE Global Real Estate Income Fund during the 4th quarter worth $54,000. Walleye Capital LLC acquired a new position in shares of CBRE Global Real Estate Income Fund during the 4th quarter worth about $58,000. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of CBRE Global Real Estate Income Fund by 21.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,196 shares of the closed-end fund’s stock worth $59,000 after acquiring an additional 2,163 shares in the last quarter.

CBRE Global Real Estate Income Fund Stock Performance

CBRE Global Real Estate Income Fund stock traded up $0.01 during trading on Friday, reaching $5.13. 581,866 shares of the company were exchanged, compared to its average volume of 646,204. CBRE Global Real Estate Income Fund has a 52-week low of $4.68 and a 52-week high of $6.69. The stock’s 50 day simple moving average is $5.17 and its two-hundred day simple moving average is $5.61.

CBRE Global Real Estate Income Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.06 dividend. The ex-dividend date was Thursday, February 20th. This represents a dividend yield of 13.53%.

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.