Principal Real Estate Income Fund (NYSE:PGZ) Short Interest Update

Principal Real Estate Income Fund (NYSE:PGZ) 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

Several hedge funds have recently modified their holdings of PGZ. Cetera Investment Advisers grew its holdings in Principal Real Estate Income Fund by 89.4% in the fourth quarter. Cetera Investment Advisers now owns 19,849 shares of the company’s stock worth $196,000 after purchasing an additional 9,370 shares during the period. First Trust Advisors LP boosted its position in shares of Principal Real Estate Income Fund by 4.6% during the 4th quarter. First Trust Advisors LP now owns 38,321 shares of the company’s stock worth $379,000 after purchasing an additional 1,688 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Principal Real Estate Income Fund in the 4th quarter valued at about $336,000. Bulldog Investors LLP grew its stake in shares of Principal Real Estate Income Fund by 103.0% in the 4th quarter. Bulldog Investors LLP now owns 369,396 shares of the company’s stock valued at $3,651,000 after buying an additional 187,471 shares during the period. Finally, Shaker Financial Services LLC increased its position in Principal Real Estate Income Fund by 78.4% in the 4th quarter. Shaker Financial Services LLC now owns 52,041 shares of the company’s stock valued at $514,000 after buying an additional 22,868 shares in the last quarter.

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.