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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 15,600 shares, a drop of 15.7% from the February 28th total of 18,500 shares. Based on an average daily volume of 61,700 shares, the short-interest ratio is currently 0.3 days.

Lazard Global Total Return and Income Fund Trading Down 0.1 %

Shares of Lazard Global Total Return and Income Fund stock opened at $15.42 on Tuesday. The stock has a 50 day moving average price of $16.30 and a 200-day moving average price of $16.65. Lazard Global Total Return and Income Fund has a one year low of $14.84 and a one year high of $18.23.

Lazard Global Total Return and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Thursday, April 10th will be given a dividend of $0.1465 per share. This represents a $1.76 dividend on an annualized basis and a yield of 11.40%. The ex-dividend date is Thursday, April 10th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP bought a new position in Lazard Global Total Return and Income Fund during the 4th quarter valued at about $32,000. Waverly Advisors LLC purchased a new position in shares of Lazard Global Total Return and Income Fund during the fourth quarter valued at approximately $238,000. Wilmington Savings Fund Society FSB bought a new position in shares of Lazard Global Total Return and Income Fund during the third quarter valued at approximately $260,000. Shaker Financial Services LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund in the fourth quarter worth approximately $498,000. Finally, Mezzasalma Advisors LLC bought a new stake in shares of Lazard Global Total Return and Income Fund during the 4th quarter worth approximately $512,000.

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.