BlackRock Enhanced International Dividend Trust (NYSE:BGY) Sees Large Growth in Short Interest

Posted by James Quigley on Nov 15th, 2024

BlackRock Enhanced International Dividend Trust (NYSE:BGY – Get Free Report) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 149,500 shares, an increase of 143.5% from the October 15th total of 61,400 shares. Based on an average trading volume of 200,000 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On BlackRock Enhanced International Dividend Trust

Large investors have recently made changes to their positions in the stock. Luken Investment Analytics LLC acquired a new stake in BlackRock Enhanced International Dividend Trust during the second quarter worth $33,000. Almitas Capital LLC purchased a new stake in BlackRock Enhanced International Dividend Trust in the 2nd quarter valued at about $90,000. Sequoia Financial Advisors LLC acquired a new position in BlackRock Enhanced International Dividend Trust in the third quarter valued at about $92,000. Sanctuary Advisors LLC purchased a new position in BlackRock Enhanced International Dividend Trust during the second quarter worth about $106,000. Finally, Walleye Capital LLC purchased a new position in BlackRock Enhanced International Dividend Trust during the third quarter worth about $107,000.

BlackRock Enhanced International Dividend Trust Stock Performance

Shares of NYSE:BGY traded down $0.03 during trading on Friday, reaching $5.38. The stock had a trading volume of 155,704 shares, compared to its average volume of 196,011. BlackRock Enhanced International Dividend Trust has a 1-year low of $5.00 and a 1-year high of $5.83. The business has a fifty day moving average price of $5.64 and a 200-day moving average price of $5.58.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.0338 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock Enhanced International Dividend Trust Company Profile

(Get Free Report)

BlackRock Enhanced International Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe excluding the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.