Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Sees Significant Drop in Short Interest

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 23,901 shares, a decrease of 54.0% from the August 31st total of 52,000 shares. Based on an average daily volume of 34,561 shares, the short-interest ratio is presently 0.7 days.

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

Several hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund in the first quarter valued at $47,000. Integrated Wealth Concepts LLC acquired a new position in Lazard Global Total Return and Income Fund in the 2nd quarter valued at about $115,000. Cary Street Partners Financial LLC acquired a new position in Lazard Global Total Return and Income Fund in the 4th quarter valued at about $203,000. CoreCap Advisors LLC lifted its holdings in Lazard Global Total Return and Income Fund by 3.9% in the 2nd quarter. CoreCap Advisors LLC now owns 15,815 shares of the company’s stock valued at $292,000 after purchasing an additional 600 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Lazard Global Total Return and Income Fund by 2.3% in the 1st quarter. Bank of America Corp DE now owns 31,799 shares of the company’s stock valued at $512,000 after purchasing an additional 726 shares in the last quarter.

Lazard Global Total Return and Income Fund Price Performance

Shares of Lazard Global Total Return and Income Fund stock traded up $0.04 on Wednesday, hitting $17.01. The company’s stock had a trading volume of 24,283 shares, compared to its average volume of 46,875. The firm has a fifty day moving average price of $18.01 and a 200-day moving average price of $17.81. Lazard Global Total Return and Income Fund has a 52-week low of $15.32 and a 52-week high of $19.88.

Lazard Global Total Return and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Tuesday, October 13th will be paid a dividend of $0.1534 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend is Tuesday, October 13th.

About Lazard Global Total Return and Income Fund

Lazard Global Total Return and Income Fund, Inc is a non-diversified, closed-end investment company listed on the New York Stock Exchange under the symbol LGI. The fund seeks to provide investors with a high level of total return through a combination of current income and capital appreciation.

LGI invests globally across equity and fixed-income securities, giving the portfolio exposure to companies, governments and other issuers in the United States and international markets. Its investments may include common stocks, preferred stocks, convertible securities and debt instruments.