Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Sees Significant Growth in Short Interest

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 19,300 shares, an increase of 348.8% from the February 29th total of 4,300 shares. Based on an average trading volume of 41,100 shares, the short-interest ratio is currently 0.5 days.

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

A number of hedge funds have recently bought and sold shares of LGI. Ameriprise Financial Inc. raised its position in Lazard Global Total Return and Income Fund by 544.2% in the 1st quarter. Ameriprise Financial Inc. now owns 121,531 shares of the company’s stock valued at $1,878,000 after purchasing an additional 102,666 shares in the last quarter. Cornerstone Advisors LLC increased its holdings in shares of Lazard Global Total Return and Income Fund by 128.2% in the 3rd quarter. Cornerstone Advisors LLC now owns 161,862 shares of the company’s stock valued at $2,240,000 after acquiring an additional 90,936 shares during the last quarter. 1607 Capital Partners LLC purchased a new position in shares of Lazard Global Total Return and Income Fund in the 4th quarter valued at about $822,000. AQR Arbitrage LLC increased its holdings in shares of Lazard Global Total Return and Income Fund by 237.0% in the 3rd quarter. AQR Arbitrage LLC now owns 75,663 shares of the company’s stock valued at $1,047,000 after acquiring an additional 53,210 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in shares of Lazard Global Total Return and Income Fund by 77.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 117,981 shares of the company’s stock valued at $1,633,000 after acquiring an additional 51,618 shares during the last quarter.

Lazard Global Total Return and Income Fund Price Performance

LGI traded down $0.01 during mid-day trading on Wednesday, hitting $16.28. 36,769 shares of the stock were exchanged, compared to its average volume of 42,343. The firm’s fifty day moving average is $15.75 and its two-hundred day moving average is $14.77. Lazard Global Total Return and Income Fund has a 1-year low of $12.65 and a 1-year high of $16.68.

Lazard Global Total Return and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Thursday, April 11th will be given a $0.1046 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date of this dividend is Wednesday, April 10th.

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.