Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Short Interest Update

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) was the recipient of a large 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 daily trading volume, of 51,200 shares, the short-interest ratio is currently 0.4 days.

Lazard Global Total Return and Income Fund Price Performance

Shares of NYSE LGI traded down $0.16 during mid-day trading on Friday, reaching $16.58. 4,249 shares of the company traded hands, compared to its average volume of 44,143. Lazard Global Total Return and Income Fund has a fifty-two week low of $13.27 and a fifty-two week high of $18.23. The stock has a fifty day simple moving average of $17.43 and a 200-day simple moving average of $16.75.

Lazard Global Total Return and Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, November 12th will be paid a $0.1494 dividend. This represents a $1.79 dividend on an annualized basis and a dividend yield of 10.81%. The ex-dividend date of this dividend is Tuesday, November 12th. This is an increase from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12.

Institutional Trading of Lazard Global Total Return and Income Fund

Institutional investors have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC lifted its stake in Lazard Global Total Return and Income Fund by 82.1% during the second quarter. Blue Bell Private Wealth Management LLC now owns 21,113 shares of the company’s stock valued at $352,000 after purchasing an additional 9,520 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Lazard Global Total Return and Income Fund in the first quarter valued at $395,000. Sanctuary Advisors LLC acquired a new stake in shares of Lazard Global Total Return and Income Fund during the 2nd quarter valued at $698,000. Finally, Raymond James & Associates boosted its stake in shares of Lazard Global Total Return and Income Fund by 19.6% during the 2nd quarter. Raymond James & Associates now owns 588,950 shares of the company’s stock worth $9,812,000 after acquiring an additional 96,429 shares in the last quarter.

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.