Short Interest in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Increases By 34.1%

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) was the recipient of a significant growth in short interest during the month of 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 currently 0.3 days.

Lazard Global Total Return and Income Fund Stock Performance

NYSE LGI traded down $0.10 during trading hours on Tuesday, reaching $15.66. The company’s stock had a trading volume of 16,787 shares, compared to its average volume of 49,704. The business has a 50-day simple moving average of $16.37 and a 200 day simple moving average of $16.77. Lazard Global Total Return and Income Fund has a 52 week low of $14.84 and a 52 week high of $18.23.

Lazard Global Total Return and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a $0.1465 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.76 annualized dividend and a dividend yield of 11.23%.

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

Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of 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% in the 4th quarter. Stifel Financial Corp now owns 85,751 shares of the company’s stock worth $1,370,000 after purchasing an additional 1,823 shares during the period. Quarry LP acquired a new position in Lazard Global Total Return and Income Fund in the 4th quarter worth approximately $32,000. LPL Financial LLC boosted its stake 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 purchasing an additional 2,900 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Lazard Global Total Return and Income Fund in the 3rd quarter worth approximately $260,000.

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.