Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Short Interest Down 13.8% in February

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 13,800 shares, a decline of 13.8% from the January 31st total of 16,000 shares. Based on an average daily volume of 51,500 shares, the days-to-cover ratio is presently 0.3 days.

Lazard Global Total Return and Income Fund Stock Performance

Shares of Lazard Global Total Return and Income Fund stock opened at $16.17 on Wednesday. The stock’s 50-day moving average is $16.42 and its 200 day moving average is $16.85. Lazard Global Total Return and Income Fund has a one year low of $14.84 and a one year high of $18.23.

Lazard Global Total Return and Income Fund Announces Dividend

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 given a dividend of $0.1465 per share. This represents a $1.76 annualized dividend and a dividend yield of 10.87%. The ex-dividend date of this dividend is Monday, March 10th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Quarry LP bought a new stake in Lazard Global Total Return and Income Fund in the fourth quarter valued at $32,000. Wilmington Savings Fund Society FSB bought a new stake in Lazard Global Total Return and Income Fund in the 3rd quarter valued at about $260,000. Waverly Advisors LLC bought a new stake in Lazard Global Total Return and Income Fund in the 4th quarter valued at about $238,000. Shaker Financial Services LLC acquired a new position in Lazard Global Total Return and Income Fund during the 4th quarter worth approximately $498,000. Finally, Mezzasalma Advisors LLC bought a new position in Lazard Global Total Return and Income Fund in the fourth quarter worth approximately $512,000.

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.