Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Short Interest Update

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 5,100 shares, a decline of 81.9% from the June 30th total of 28,100 shares. Based on an average daily trading volume, of 41,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Lazard Global Total Return and Income Fund

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund during the 4th quarter worth about $61,000. Blue Bell Private Wealth Management LLC boosted its holdings in Lazard Global Total Return and Income Fund by 3,764.3% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 11,593 shares of the company’s stock worth $189,000 after acquiring an additional 11,293 shares during the period. Quarry LP purchased a new position in Lazard Global Total Return and Income Fund in the 4th quarter worth approximately $251,000. Eagle Rock Investment Company LLC purchased a new position in Lazard Global Total Return and Income Fund in the 1st quarter worth approximately $276,000. Finally, Quantedge Capital Pte Ltd boosted its holdings in Lazard Global Total Return and Income Fund by 104.4% in the 4th quarter. Quantedge Capital Pte Ltd now owns 22,281 shares of the company’s stock worth $341,000 after acquiring an additional 11,381 shares during the period.

Lazard Global Total Return and Income Fund Stock Down 0.1 %

Shares of NYSE:LGI traded down $0.02 during trading on Friday, reaching $16.42. 29,459 shares of the stock were exchanged, compared to its average volume of 41,348. Lazard Global Total Return and Income Fund has a 12-month low of $12.65 and a 12-month high of $17.06. The firm’s 50-day moving average price is $16.70 and its 200 day moving average price is $16.07.

Lazard Global Total Return and Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, August 12th will be issued a dividend of $0.1494 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 10.92%. This is a boost from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.10.

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.