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 significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 5,300 shares, a decrease of 69.9% from the December 15th total of 17,600 shares. Based on an average daily trading volume, of 50,700 shares, the short-interest ratio is currently 0.1 days.

Lazard Global Total Return and Income Fund Price Performance

NYSE:LGI traded down $0.10 during midday trading on Monday, hitting $15.64. The company’s stock had a trading volume of 59,180 shares, compared to its average volume of 52,754. Lazard Global Total Return and Income Fund has a fifty-two week low of $14.84 and a fifty-two week high of $18.23. The firm’s 50 day moving average is $16.48 and its 200-day moving average is $16.86.

Lazard Global Total Return and Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 10th will be paid a $0.1494 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 11.46%. This is a positive change from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in Lazard Global Total Return and Income Fund in the 3rd quarter worth approximately $260,000. Sanctuary Advisors LLC acquired a new position in shares of Lazard Global Total Return and Income Fund in the 2nd quarter valued at $698,000. Benjamin Edwards Inc. purchased a new stake in Lazard Global Total Return and Income Fund during the third quarter worth $1,469,000. Finally, Stifel Financial Corp grew its position 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 period.

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.