Short Interest in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Decreases By 17.6%

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 18,300 shares, a decline of 17.6% from the October 15th total of 22,200 shares. Based on an average trading volume of 52,000 shares, the days-to-cover ratio is presently 0.4 days.

Lazard Global Total Return and Income Fund Stock Down 1.4 %

Lazard Global Total Return and Income Fund stock traded down $0.23 during trading hours on Friday, hitting $16.35. The stock had a trading volume of 59,105 shares, compared to its average volume of 44,523. The stock’s 50-day moving average price is $17.34 and its 200-day moving average price is $16.87. Lazard Global Total Return and Income Fund has a 12-month low of $14.13 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. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.1494 per share. This represents a $1.79 dividend on an annualized basis and a dividend yield of 10.97%. The ex-dividend date is Tuesday, November 12th. This is an increase from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its holdings in Lazard Global Total Return and Income Fund by 9.6% during the third quarter. Stifel Financial Corp now owns 83,928 shares of the company’s stock valued at $1,522,000 after buying an additional 7,328 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its stake in shares of Lazard Global Total Return and Income Fund by 82.1% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 21,113 shares of the company’s stock worth $352,000 after purchasing an additional 9,520 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Lazard Global Total Return and Income Fund in the 1st quarter worth $395,000. Sanctuary Advisors LLC purchased a new position in Lazard Global Total Return and Income Fund during the second quarter valued at $698,000. Finally, Benjamin Edwards Inc. bought a new stake in Lazard Global Total Return and Income Fund during the third quarter valued at about $1,469,000.

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.