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

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

Lazard Global Total Return and Income Fund Stock Performance

NYSE LGI traded down $0.12 during mid-day trading on Monday, reaching $17.07. 22,485 shares of the stock were exchanged, compared to its average volume of 47,124. The business’s 50 day moving average is $18.06 and its 200-day moving average is $17.82. Lazard Global Total Return and Income Fund has a 1 year low of $15.32 and a 1 year high of $19.88.

Lazard Global Total Return and Income Fund Dividend Announcement

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

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

Several hedge funds have recently modified their holdings of the company. CoreCap Advisors LLC lifted its position in shares of Lazard Global Total Return and Income Fund by 3.9% during the 2nd quarter. CoreCap Advisors LLC now owns 15,815 shares of the company’s stock valued at $292,000 after buying an additional 600 shares in the last quarter. Bank of America Corp DE increased 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 worth $512,000 after acquiring an additional 726 shares in the last quarter. Royal Bank of Canada increased its holdings in Lazard Global Total Return and Income Fund by 1.5% in the 1st quarter. Royal Bank of Canada now owns 112,008 shares of the company’s stock worth $1,802,000 after acquiring an additional 1,696 shares in the last quarter. Western Wealth Management LLC acquired a new position in Lazard Global Total Return and Income Fund during the first quarter worth $47,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Lazard Global Total Return and Income Fund during the second quarter worth $115,000.

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.