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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 18,500 shares, an increase 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 up $0.19 on Friday, reaching $15.57. The company’s stock had a trading volume of 90,695 shares, compared to its average volume of 49,793. Lazard Global Total Return and Income Fund has a 52 week low of $14.84 and a 52 week high of $18.23. The business has a 50-day moving average price of $16.37 and a 200 day moving average price of $16.78.

Lazard Global Total Return and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $0.1465 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.76 annualized dividend and a dividend yield of 11.29%.

Hedge Funds Weigh In On Lazard Global Total Return and Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Lazard Global Total Return and Income Fund in the fourth quarter valued at $5,393,000. Benjamin Edwards Inc. acquired a new stake in shares of Lazard Global Total Return and Income Fund during the 3rd quarter worth about $1,469,000. Wolverine Asset Management LLC bought a new position in Lazard Global Total Return and Income Fund during the 4th quarter valued at about $779,000. Mezzasalma Advisors LLC acquired a new position in Lazard Global Total Return and Income Fund in the fourth quarter valued at about $512,000. Finally, Guggenheim Capital LLC boosted its position in Lazard Global Total Return and Income Fund by 63.6% in the fourth quarter. Guggenheim Capital LLC now owns 81,970 shares of the company’s stock valued at $1,310,000 after buying an additional 31,855 shares in the last quarter.

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.