Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Short Interest Up 91.7% in September

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 20,900 shares, an increase of 91.7% from the September 15th total of 10,900 shares. Based on an average daily trading volume, of 50,000 shares, the short-interest ratio is currently 0.4 days.

Lazard Global Total Return and Income Fund Stock Performance

Shares of NYSE:LGI traded down $0.13 during midday trading on Friday, reaching $17.56. 14,957 shares of the company traded hands, compared to its average volume of 43,656. The firm’s fifty day moving average price is $17.15 and its two-hundred day moving average price is $16.61. Lazard Global Total Return and Income Fund has a 12 month low of $12.65 and a 12 month high of $18.23.

Lazard Global Total Return and Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Friday, October 11th will be paid a dividend of $0.1494 per share. This represents a $1.79 annualized dividend and a yield of 10.21%. This is an increase from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12. The ex-dividend date of this dividend is Friday, October 11th.

Institutional Trading of Lazard Global Total Return and Income Fund

Several institutional investors have recently added to or reduced their stakes in LGI. Raymond James & Associates raised its holdings in Lazard Global Total Return and Income Fund by 19.6% during the second quarter. Raymond James & Associates now owns 588,950 shares of the company’s stock valued at $9,812,000 after acquiring an additional 96,429 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Lazard Global Total Return and Income Fund by 3.5% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 73,416 shares of the company’s stock valued at $1,199,000 after buying an additional 2,503 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Lazard Global Total Return and Income Fund during the second quarter valued at approximately $698,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Lazard Global Total Return and Income Fund in the first quarter valued at approximately $395,000. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in shares of Lazard Global Total Return and Income Fund by 82.1% in the second quarter. Blue Bell Private Wealth Management LLC now owns 21,113 shares of the company’s stock valued at $352,000 after purchasing an additional 9,520 shares during the period.

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.