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

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

Lazard Global Total Return and Income Fund Stock Performance

Shares of LGI opened at $16.35 on Friday. The company’s fifty day simple moving average is $17.32 and its 200 day simple moving average is $16.88. Lazard Global Total Return and Income Fund has a 1-year low of $14.13 and a 1-year high of $18.23.

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 dividend of $0.1494 per share. The ex-dividend date is Tuesday, November 12th. This is a positive change 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 10.97%.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC increased 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 during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Lazard Global Total Return and Income Fund during the 1st quarter worth approximately $395,000. Sanctuary Advisors LLC acquired a new position in shares of Lazard Global Total Return and Income Fund during the 2nd quarter worth approximately $698,000. Benjamin Edwards Inc. bought a new stake in Lazard Global Total Return and Income Fund in the 3rd quarter valued at $1,469,000. Finally, Stifel Financial Corp lifted its holdings in 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 purchasing 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.