CBRE Global Real Estate Income Fund (NYSE:IGR) Short Interest Update

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 151,231 shares, a growth of 187.0% from the December 15th total of 52,693 shares. Based on an average trading volume of 1,473,009 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 1,473,009 shares, the short-interest ratio is presently 0.1 days.

CBRE Global Real Estate Income Fund Trading Up 1.4%

NYSE:IGR traded up $0.07 during trading hours on Thursday, reaching $4.79. The company had a trading volume of 687,344 shares, compared to its average volume of 1,508,836. CBRE Global Real Estate Income Fund has a 52 week low of $4.20 and a 52 week high of $5.37. The firm’s 50 day moving average price is $4.52 and its 200-day moving average price is $4.85.

CBRE Global Real Estate Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be given a $0.06 dividend. This represents a c) annualized dividend and a yield of 15.0%. The ex-dividend date of this dividend is Friday, March 20th.

Insider Activity

In related news, Director Peter Francis Finnerty purchased 46,500 shares of CBRE Global Real Estate Income Fund stock in a transaction dated Wednesday, December 17th. The stock was purchased at an average cost of $4.32 per share, for a total transaction of $200,880.00. Following the completion of the purchase, the director directly owned 46,500 shares of the company’s stock, valued at $200,880. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 50,286 shares of company stock worth $216,861.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atticus Wealth Management LLC boosted its holdings in shares of CBRE Global Real Estate Income Fund by 41.0% in the second quarter. Atticus Wealth Management LLC now owns 7,340 shares of the closed-end fund’s stock worth $39,000 after buying an additional 2,136 shares during the last quarter. Global Retirement Partners LLC increased its holdings in CBRE Global Real Estate Income Fund by 12.7% during the third quarter. Global Retirement Partners LLC now owns 25,114 shares of the closed-end fund’s stock valued at $129,000 after buying an additional 2,828 shares during the last quarter. Roman Butler Fullerton & Co. raised its position in CBRE Global Real Estate Income Fund by 1.2% in the second quarter. Roman Butler Fullerton & Co. now owns 257,529 shares of the closed-end fund’s stock worth $1,282,000 after acquiring an additional 2,997 shares during the period. SeaCrest Wealth Management LLC boosted its stake in shares of CBRE Global Real Estate Income Fund by 7.8% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 42,345 shares of the closed-end fund’s stock worth $224,000 after acquiring an additional 3,054 shares during the last quarter. Finally, Samalin Investment Counsel LLC grew its position in shares of CBRE Global Real Estate Income Fund by 3.7% during the 3rd quarter. Samalin Investment Counsel LLC now owns 93,407 shares of the closed-end fund’s stock valued at $480,000 after acquiring an additional 3,296 shares during the period.

About CBRE Global Real Estate Income Fund

CBRE Global Real Estate Income Fund Inc (NYSE: IGR) is a closed‐end management investment company that seeks to provide attractive levels of current income and capital appreciation by investing primarily in global real estate securities. Managed by CBRE Investment Management, the fund’s portfolio is composed of publicly traded real estate investment trusts (REITs), real estate operating companies and other real estate‐related equity securities across developed and emerging markets.

The fund employs a research‐driven, bottom‐up investment approach, leveraging CBRE’s global platform and market intelligence to identify opportunities in diverse property sectors, including office, retail, industrial, residential and hospitality.