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 recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 23,901 shares, a drop 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 presently 0.7 days.

Institutional Trading of Lazard Global Total Return and Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in LGI. Royal Bank of Canada raised its holdings in shares of Lazard Global Total Return and Income Fund by 1.5% during the first quarter. Royal Bank of Canada now owns 112,008 shares of the company’s stock worth $1,802,000 after purchasing an additional 1,696 shares during the last quarter. Bank of America Corp DE boosted its holdings in Lazard Global Total Return and Income Fund by 2.3% in the first quarter. Bank of America Corp DE now owns 31,799 shares of the company’s stock valued at $512,000 after purchasing an additional 726 shares during the last quarter. CoreCap Advisors LLC grew its position in 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 worth $292,000 after purchasing an additional 600 shares during the period. Cary Street Partners Financial LLC acquired a new stake in Lazard Global Total Return and Income Fund during the 4th quarter worth about $203,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Lazard Global Total Return and Income Fund during the 2nd quarter valued at about $115,000.

Lazard Global Total Return and Income Fund Price Performance

NYSE LGI traded down $0.12 during trading hours on Monday, reaching $17.07. The stock had a trading volume of 22,485 shares, compared to its average volume of 47,124. The stock has a fifty day moving average of $18.06 and a 200 day moving average of $17.82. Lazard Global Total Return and Income Fund has a 52-week low of $15.32 and a 52-week high of $19.88.

Lazard Global Total Return and Income Fund Dividend Announcement

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

Lazard Global Total Return and Income Fund Company Profile

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.