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

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

Lazard Global Total Return and Income Fund Trading Up 0.3 %

LGI traded up $0.05 on Tuesday, hitting $16.75. 43,998 shares of the company were exchanged, compared to its average volume of 52,300. The firm has a 50-day moving average price of $16.37 and a two-hundred day moving average price 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 company also recently announced a monthly dividend, which will be paid on Friday, February 21st. Investors of record on Monday, February 10th will be paid a dividend of $0.1465 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 10.50%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LGI. Wilmington Savings Fund Society FSB purchased a new stake in Lazard Global Total Return and Income Fund during the third quarter worth approximately $260,000. Mezzasalma Advisors LLC purchased a new position in shares of Lazard Global Total Return and Income Fund in the 4th quarter valued at $512,000. Sanctuary Advisors LLC acquired a new stake in Lazard Global Total Return and Income Fund during the 2nd quarter worth $698,000. Benjamin Edwards Inc. purchased a new stake in Lazard Global Total Return and Income Fund in the third quarter valued at $1,469,000. Finally, Stifel Financial Corp boosted its stake in Lazard Global Total Return and Income Fund by 9.6% in the third quarter. Stifel Financial Corp now owns 83,928 shares of the company’s stock valued at $1,522,000 after acquiring an additional 7,328 shares in the last quarter.

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.