Short Interest in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Grows By 6.2%

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 22,200 shares, an increase of 6.2% from the September 30th total of 20,900 shares. Based on an average trading volume of 51,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Lazard Global Total Return and Income Fund

A number of large investors have recently added to or reduced their stakes in LGI. Raymond James & Associates increased its holdings in Lazard Global Total Return and Income Fund by 19.6% in the 2nd quarter. Raymond James & Associates now owns 588,950 shares of the company’s stock valued at $9,812,000 after buying an additional 96,429 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Lazard Global Total Return and Income Fund during the 2nd quarter worth approximately $698,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Lazard Global Total Return and Income Fund during the 1st quarter worth approximately $395,000. Finally, Blue Bell Private Wealth Management LLC increased its stake in Lazard Global Total Return and Income Fund by 82.1% in the second quarter. Blue Bell Private Wealth Management LLC now owns 21,113 shares of the company’s stock valued at $352,000 after acquiring an additional 9,520 shares during the last quarter.

Lazard Global Total Return and Income Fund Stock Performance

NYSE LGI traded down $0.20 during trading on Thursday, reaching $16.74. The company’s stock had a trading volume of 45,497 shares, compared to its average volume of 44,332. The firm has a 50 day moving average price of $17.43 and a 200 day moving average price of $16.75. Lazard Global Total Return and Income Fund has a 12 month low of $12.90 and a 12 month high of $18.23.

Lazard Global Total Return and Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, November 12th will be paid a $0.1494 dividend. This is a boost from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12. This represents a $1.79 annualized dividend and a dividend yield of 10.71%. The ex-dividend date is Tuesday, November 12th.

Lazard Global Total Return and Income Fund Company Profile

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.