Short Interest in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Drops By 69.9%

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 5,300 shares, a decrease of 69.9% from the December 31st total of 17,600 shares. Based on an average daily volume of 50,700 shares, the days-to-cover ratio is currently 0.1 days.

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

Several large investors have recently modified their holdings of LGI. Wilmington Savings Fund Society FSB acquired a new position in Lazard Global Total Return and Income Fund in the third quarter valued at about $260,000. Mezzasalma Advisors LLC acquired a new position in shares of Lazard Global Total Return and Income Fund in the 4th quarter worth approximately $512,000. Sanctuary Advisors LLC acquired a new position in shares of Lazard Global Total Return and Income Fund in the 2nd quarter worth approximately $698,000. Benjamin Edwards Inc. purchased a new position in shares of Lazard Global Total Return and Income Fund during the 3rd quarter worth approximately $1,469,000. Finally, Stifel Financial Corp increased its holdings in Lazard Global Total Return and Income Fund by 9.6% in 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 Stock Up 0.3 %

Shares of NYSE LGI traded up $0.05 during midday trading on Tuesday, reaching $16.75. 43,998 shares of the stock were exchanged, compared to its average volume of 52,300. The company has a 50 day simple moving average of $16.37 and a 200 day simple moving average of $16.82. Lazard Global Total Return and Income Fund has a twelve month low of $14.84 and a twelve month high of $18.23.

Lazard Global Total Return and Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 21st. Shareholders of record on Monday, February 10th will be given a $0.1465 dividend. The ex-dividend date is Monday, February 10th. This represents a $1.76 dividend on an annualized basis and a yield of 10.50%.

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.