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 target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 15,800 shares, a decline of 24.4% from the November 15th total of 20,900 shares. Based on an average trading volume of 52,300 shares, the short-interest ratio is currently 0.3 days.

Lazard Global Total Return and Income Fund Stock Down 0.2 %

Shares of LGI stock traded down $0.04 on Friday, hitting $16.53. 50,895 shares of the stock were exchanged, compared to its average volume of 45,363. The firm’s 50 day moving average is $17.00 and its two-hundred day moving average is $16.94. Lazard Global Total Return and Income Fund has a one year low of $14.84 and a one year high of $18.23.

Lazard Global Total Return and Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 11th will be given a $0.1494 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.79 annualized dividend and a dividend yield of 10.85%. This is a positive change from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in shares of Lazard Global Total Return and Income Fund in the third quarter worth $260,000. Blue Bell Private Wealth Management LLC grew its position 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 worth $352,000 after buying an additional 9,520 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Lazard Global Total Return and Income Fund in the 2nd quarter worth about $698,000. Benjamin Edwards Inc. purchased a new stake in shares of Lazard Global Total Return and Income Fund in the 3rd quarter valued at about $1,469,000. Finally, Stifel Financial Corp boosted its position in shares of Lazard Global Total Return and Income Fund by 9.6% during the 3rd quarter. Stifel Financial Corp now owns 83,928 shares of the company’s stock valued at $1,522,000 after acquiring an additional 7,328 shares during 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.