Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Sees Large Decline in Short Interest

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totalling 5,100 shares, a drop of 81.9% from the June 30th total of 28,100 shares. Based on an average daily trading volume, of 41,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Lazard Global Total Return and Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Advisors LLC increased its holdings in shares of Lazard Global Total Return and Income Fund by 47.9% during the 4th quarter. Cornerstone Advisors LLC now owns 239,394 shares of the company’s stock worth $3,668,000 after acquiring an additional 77,532 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of Lazard Global Total Return and Income Fund by 3,764.3% in the first quarter. Blue Bell Private Wealth Management LLC now owns 11,593 shares of the company’s stock valued at $189,000 after purchasing an additional 11,293 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Lazard Global Total Return and Income Fund by 14.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 70,913 shares of the company’s stock valued at $1,086,000 after purchasing an additional 8,702 shares during the period. Quarry LP acquired a new stake in shares of Lazard Global Total Return and Income Fund during the 4th quarter worth about $251,000. Finally, Wolverine Asset Management LLC boosted its holdings in shares of Lazard Global Total Return and Income Fund by 6.5% during the 4th quarter. Wolverine Asset Management LLC now owns 125,643 shares of the company’s stock worth $1,925,000 after buying an additional 7,662 shares during the period.

Lazard Global Total Return and Income Fund Stock Performance

Shares of LGI traded down $0.02 during midday trading on Friday, reaching $16.42. The stock had a trading volume of 29,459 shares, compared to its average volume of 41,348. The firm has a 50 day simple moving average of $16.70 and a 200-day simple moving average of $16.07. Lazard Global Total Return and Income Fund has a one year low of $12.65 and a one year high of $17.06.

Lazard Global Total Return and Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, August 12th will be issued a dividend of $0.1494 per share. The ex-dividend date is Monday, August 12th. This represents a $1.79 dividend on an annualized basis and a yield of 10.92%. This is a boost from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.10.

About Lazard Global Total Return and Income Fund

Lazard Global Total Return and Income Fund, Inc is a closed ended balanced mutual fund launched and managed by Lazard Asset Management LLC. It invests in public equity and fixed income markets across the globe. The fund primarily invests in stocks of companies with market capitalization over $5 billion.