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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) was the recipient of a large decrease in short interest in 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 trading volume of 52,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. purchased a new stake in Lazard Global Total Return and Income Fund in the first quarter worth about $395,000. Raymond James & Associates increased its position in Lazard Global Total Return and Income Fund by 19.6% during the 2nd quarter. Raymond James & Associates now owns 588,950 shares of the company’s stock valued at $9,812,000 after buying an additional 96,429 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake 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 valued at $352,000 after buying an additional 9,520 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Lazard Global Total Return and Income Fund in the second quarter worth $698,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Lazard Global Total Return and Income Fund in the third quarter worth $1,469,000.

Lazard Global Total Return and Income Fund Stock Down 1.4 %

Shares of NYSE:LGI traded down $0.23 during trading on Friday, hitting $16.35. The stock had a trading volume of 59,105 shares, compared to its average volume of 44,523. Lazard Global Total Return and Income Fund has a 12 month low of $14.13 and a 12 month high of $18.23. The firm’s fifty day moving average is $17.32 and its 200 day moving average is $16.88.

Lazard Global Total Return and Income Fund Increases Dividend

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

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.