Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Stock Short Interest Declines 54.0%

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) saw a significant drop in short interest in 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 trading volume, of 34,561 shares, the days-to-cover ratio is currently 0.7 days.

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

Large investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC raised its holdings in Lazard Global Total Return and Income Fund by 3.9% in 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 during the last quarter. Bank of America Corp DE boosted its position in Lazard Global Total Return and Income Fund by 2.3% during the 1st quarter. Bank of America Corp DE now owns 31,799 shares of the company’s stock worth $512,000 after buying an additional 726 shares during the period. Royal Bank of Canada grew its holdings in Lazard Global Total Return and Income Fund by 1.5% during 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 during the last quarter. Western Wealth Management LLC acquired a new position in Lazard Global Total Return and Income Fund in the 1st quarter valued at approximately $47,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Lazard Global Total Return and Income Fund during the second quarter valued at $115,000.

Lazard Global Total Return and Income Fund Trading Down 0.5%

Shares of LGI stock traded down $0.09 on Tuesday, hitting $17.00. The company’s stock had a trading volume of 26,387 shares, compared to its average volume of 47,012. The stock’s 50 day moving average is $18.01 and its 200-day moving average is $17.81. Lazard Global Total Return and Income Fund has a fifty-two week low of $15.32 and a fifty-two week high of $19.88.

Lazard Global Total Return and Income Fund Announces Dividend

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

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.