RMR Real Estate Income Fund (NYSE:RIF) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 210,967 shares, a growth of 2,255.1% from the August 15th total of 8,958 shares. Based on an average daily volume of 77,090 shares, the short-interest ratio is presently 2.7 days. Approximately 3.0% of the company’s stock are short sold.

RMR Real Estate Income Fund (NYSE:RIF) opened at 19.85 on Friday. The company has a 50 day moving average of $20.40 and a 200-day moving average of $20.49. RMR Real Estate Income Fund has a one year low of $18.02 and a one year high of $22.11.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 7th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $1.32 annualized dividend and a dividend yield of 6.69%.

Hedge funds have recently made changes to their positions in the company. Doliver Capital Advisors LP lifted its holdings in shares of RMR Real Estate Income Fund by 2.2% during the 2nd quarter. Doliver Capital Advisors LP now owns 37,970 shares of the company’s stock worth $830,000 after acquiring an additional 805 shares during the period. MML Investors Services LLC raised its holdings in RMR Real Estate Income Fund by 2.8% in the second quarter. MML Investors Services LLC now owns 56,270 shares of the company’s stock valued at $1,230,000 after buying an additional 1,513 shares during the period. Wells Fargo & Company MN raised its holdings in RMR Real Estate Income Fund by 4.2% in the second quarter. Wells Fargo & Company MN now owns 289,442 shares of the company’s stock valued at $6,324,000 after buying an additional 11,575 shares during the period. Advisory Alpha LLC purchased a new position in RMR Real Estate Income Fund in the second quarter valued at approximately $1,297,000. Finally, Deschutes Portfolio Strategy LLC raised its holdings in RMR Real Estate Income Fund by 0.7% in the second quarter. Deschutes Portfolio Strategy LLC now owns 357,300 shares of the company’s stock valued at $7,807,000 after buying an additional 2,500 shares during the period.

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RMR Real Estate Income Fund Company Profile

RMR Real Estate Income Fund (the Fund) is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to earn and pay a high level of current income to its common shareholders. The Fund’s secondary investment objective is capital appreciation. It pursues its investment objectives by investing in securities issued by real estate companies, including real estate investment trusts (REITs).

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