Short Interest in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Declines By 13.8%

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 13,800 shares, a drop of 13.8% from the January 31st total of 16,000 shares. Based on an average daily trading volume, of 51,500 shares, the short-interest ratio is presently 0.3 days.

Lazard Global Total Return and Income Fund Trading Down 0.4 %

Shares of LGI traded down $0.06 on Friday, reaching $16.03. The company’s stock had a trading volume of 10,022 shares, compared to its average volume of 58,475. Lazard Global Total Return and Income Fund has a twelve month low of $14.84 and a twelve month high of $18.23. The firm has a fifty day moving average of $16.42 and a 200-day moving average of $16.84.

Lazard Global Total Return and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.1465 per share. The ex-dividend date is Monday, March 10th. This represents a $1.76 annualized dividend and a dividend yield of 10.96%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of LGI. Wells Fargo & Company MN increased its position in shares of Lazard Global Total Return and Income Fund by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 80,563 shares of the company’s stock valued at $1,287,000 after purchasing an additional 1,496 shares during the last quarter. Stifel Financial Corp raised its stake in Lazard Global Total Return and Income Fund by 2.2% in the 4th quarter. Stifel Financial Corp now owns 85,751 shares of the company’s stock valued at $1,370,000 after acquiring an additional 1,823 shares during the period. Quarry LP purchased a new stake in Lazard Global Total Return and Income Fund during the fourth quarter valued at about $32,000. LPL Financial LLC boosted its position in Lazard Global Total Return and Income Fund by 1.8% during the fourth quarter. LPL Financial LLC now owns 161,412 shares of the company’s stock worth $2,579,000 after purchasing an additional 2,900 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Lazard Global Total Return and Income Fund in the third quarter worth about $260,000.

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.