Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Sees Large Decline in Short Interest

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) was the recipient of a large 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 short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LGI. Blue Bell Private Wealth Management LLC boosted its holdings 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 valued at $352,000 after purchasing an additional 9,520 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Lazard Global Total Return and Income Fund during the 1st quarter worth $395,000. Sanctuary Advisors LLC acquired a new stake in Lazard Global Total Return and Income Fund in the second quarter valued at about $698,000. Benjamin Edwards Inc. bought a new position in Lazard Global Total Return and Income Fund in the third quarter valued at about $1,469,000. Finally, Stifel Financial Corp raised its stake 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 worth $1,522,000 after acquiring an additional 7,328 shares in the last quarter.

Lazard Global Total Return and Income Fund Price Performance

LGI opened at $16.35 on Friday. The business’s fifty day moving average is $17.32 and its 200-day moving average is $16.88. Lazard Global Total Return and Income Fund has a 52-week low of $14.13 and a 52-week high of $18.23.

Lazard Global Total Return and Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, November 12th will be given a $0.1494 dividend. The ex-dividend date is Tuesday, November 12th. This is a boost 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%.

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.