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 decline in short interest during the month of 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 daily volume of 52,000 shares, the short-interest ratio is presently 0.4 days.

Lazard Global Total Return and Income Fund Stock Performance

NYSE:LGI traded down $0.23 during mid-day trading on Friday, reaching $16.35. The stock had a trading volume of 59,105 shares, compared to its average volume of 44,523. The firm has a 50 day moving average price of $17.32 and a two-hundred day moving average price of $16.88. Lazard Global Total Return and Income Fund has a one year low of $14.13 and a one year high of $18.23.

Lazard Global Total Return and Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, November 12th will be issued a $0.1494 dividend. This represents a $1.79 dividend on an annualized basis and a dividend yield of 10.97%. This is a positive change from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, November 12th.

Hedge Funds Weigh In On Lazard Global Total Return and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC boosted its position in Lazard Global Total Return and Income Fund by 82.1% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 21,113 shares of the company’s stock valued at $352,000 after buying an additional 9,520 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Lazard Global Total Return and Income Fund during the first quarter worth about $395,000. Sanctuary Advisors LLC bought a new stake in shares of Lazard Global Total Return and Income Fund in the second quarter worth about $698,000. Benjamin Edwards Inc. purchased a new position in Lazard Global Total Return and Income Fund during the 3rd quarter valued at about $1,469,000. Finally, Stifel Financial Corp raised its position 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.

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.