CBRE Global Real Estate Income Fund (NYSE:IGR) Short Interest Up 23.5% in March

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 523,700 shares, a growth of 23.5% from the February 28th total of 423,900 shares. Based on an average trading volume of 866,300 shares, the short-interest ratio is presently 0.6 days.

CBRE Global Real Estate Income Fund Stock Performance

Shares of IGR stock traded down $0.03 during mid-day trading on Tuesday, reaching $5.14. 460,812 shares of the stock traded hands, compared to its average volume of 650,661. The stock’s fifty day simple moving average is $5.21 and its two-hundred day simple moving average is $5.50. CBRE Global Real Estate Income Fund has a 1-year low of $4.68 and a 1-year high of $6.69.

CBRE Global Real Estate Income Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.06 per share. The ex-dividend date was Thursday, February 20th. This represents a yield of 13.53%.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Daymark Wealth Partners LLC bought a new stake in shares of CBRE Global Real Estate Income Fund in the fourth quarter worth $49,000. Centurion Wealth Management LLC acquired a new position in CBRE Global Real Estate Income Fund during the 4th quarter worth about $50,000. SeaCrest Wealth Management LLC bought a new stake in shares of CBRE Global Real Estate Income Fund in the 4th quarter valued at about $54,000. Walleye Capital LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund in the fourth quarter valued at about $58,000. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of CBRE Global Real Estate Income Fund by 21.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,196 shares of the closed-end fund’s stock worth $59,000 after acquiring an additional 2,163 shares during the last quarter.

About CBRE Global Real Estate Income Fund

CBRE Clarion Global Real Estate Income Fund specializes in investments in various property types, including office, retail, diversified, apartments, industrials, hotels, healthcare, and storage. It invests in the public equity markets across the developed markets of North America, Europe, Australia, and Asia.