Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Short Interest Update

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 18,500 shares, a growth of 34.1% from the February 13th total of 13,800 shares. Based on an average trading volume of 57,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

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

Lazard Global Total Return and Income Fund Stock Up 1.2 %

LGI traded up $0.19 on Friday, hitting $15.57. The company had a trading volume of 90,695 shares, compared to its average volume of 49,793. Lazard Global Total Return and Income Fund has a 1-year low of $14.84 and a 1-year high of $18.23. The company’s fifty day moving average price is $16.37 and its 200 day moving average price is $16.78.

Lazard Global Total Return and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a dividend of $0.1465 per share. This represents a $1.76 annualized dividend and a dividend yield of 11.29%. The ex-dividend date of this dividend is Monday, March 10th.

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.