Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 13,600 shares, a decrease of 37.0% from the February 13th total of 21,600 shares. Based on an average trading volume of 36,100 shares, the days-to-cover ratio is presently 0.4 days.
Principal Real Estate Income Fund Stock Down 0.6 %
Shares of Principal Real Estate Income Fund stock traded down $0.06 on Monday, hitting $10.39. 18,300 shares of the company’s stock traded hands, compared to its average volume of 27,529. The company has a fifty day moving average of $10.32 and a two-hundred day moving average of $10.57. Principal Real Estate Income Fund has a one year low of $9.46 and a one year high of $11.31.
Principal Real Estate Income Fund Announces Dividend
The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.105 per share. This represents a dividend yield of 12.06%. The ex-dividend date of this dividend is Monday, March 17th.
Institutional Trading of Principal Real Estate Income Fund
About Principal Real Estate Income Fund
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.
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