CBRE Global Real Estate Income Fund (NYSE:IGR) Short Interest Update
by Tristan Rich · The Markets DailyCBRE Global Real Estate Income Fund (NYSE:IGR – Get Free Report) was the target of a large growth in short interest during 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 days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 1,473,009 shares, the days-to-cover ratio is currently 0.1 days.
Insider Transactions at CBRE Global Real Estate Income Fund
In other CBRE Global Real Estate Income Fund news, Director Peter Francis Finnerty acquired 46,500 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was purchased at an average price of $4.32 per share, with a total value of $200,880.00. Following the completion of the acquisition, the director directly owned 46,500 shares in the company, valued at $200,880. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired 50,286 shares of company stock worth $216,861 in the last quarter.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in IGR. Root Financial Partners LLC acquired a new position in CBRE Global Real Estate Income Fund in the 3rd quarter valued at approximately $34,000. Atticus Wealth Management LLC grew its holdings in shares of CBRE Global Real Estate Income Fund by 41.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 7,340 shares of the closed-end fund’s stock valued at $39,000 after acquiring an additional 2,136 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of CBRE Global Real Estate Income Fund in the second quarter worth $41,000. Balboa Wealth Partners purchased a new stake in shares of CBRE Global Real Estate Income Fund during the third quarter worth $65,000. Finally, AE Wealth Management LLC acquired a new stake in CBRE Global Real Estate Income Fund during the second quarter valued at $67,000.
CBRE Global Real Estate Income Fund Stock Up 1.0%
IGR opened at $4.72 on Wednesday. The business’s 50 day moving average is $4.52 and its 200-day moving average is $4.85. CBRE Global Real Estate Income Fund has a twelve month low of $4.20 and a twelve month high of $5.37.
CBRE Global Real Estate Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be issued a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 15.3%. The ex-dividend date of this dividend is Friday, March 20th.
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.