BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Update

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 146,600 shares, an increase of 181.9% from the December 31st total of 52,000 shares. Based on an average daily volume of 491,900 shares, the short-interest ratio is presently 0.3 days.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BDJ stock traded down $0.11 during trading on Wednesday, reaching $8.68. The company’s stock had a trading volume of 410,929 shares, compared to its average volume of 523,842. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.80 and a one year high of $9.07. The business has a fifty day moving average price of $8.60 and a 200-day moving average price of $8.56.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0619 per share. The ex-dividend date is Wednesday, January 15th. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 annualized dividend and a yield of 8.56%.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Several hedge funds have recently modified their holdings of BDJ. Brown Brothers Harriman & Co. bought a new stake in BlackRock Enhanced Equity Dividend Trust during the third quarter worth $43,000. JPMorgan Chase & Co. raised its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 1,203.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 5,114 shares during the period. Arete Wealth Advisors LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at about $98,000. Icon Wealth Advisors LLC bought a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter worth about $118,000. Finally, Western Financial Corp CA acquired a new position in BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth approximately $125,000.

BlackRock Enhanced Equity Dividend Trust Company Profile

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.