Short Interest in BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Drops By 40.6%

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 63,200 shares, a decrease of 40.6% from the February 28th total of 106,400 shares. Based on an average daily volume of 149,800 shares, the days-to-cover ratio is presently 0.4 days.

BlackRock Enhanced Global Dividend Trust Trading Down 0.4 %

NYSE BOE traded down $0.05 during trading hours on Friday, reaching $10.85. 206,627 shares of the stock traded hands, compared to its average volume of 154,872. The stock has a 50 day simple moving average of $11.17 and a two-hundred day simple moving average of $11.16. BlackRock Enhanced Global Dividend Trust has a 1 year low of $9.83 and a 1 year high of $11.47.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.0827 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 9.15%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

A number of institutional investors and hedge funds have recently modified their holdings of BOE. Elequin Capital LP purchased a new position in shares of BlackRock Enhanced Global Dividend Trust during the fourth quarter valued at approximately $99,000. Modern Wealth Management LLC bought a new position in shares of BlackRock Enhanced Global Dividend Trust during the 4th quarter valued at $128,000. Level Four Advisory Services LLC boosted its stake in shares of BlackRock Enhanced Global Dividend Trust by 25.7% in the 4th quarter. Level Four Advisory Services LLC now owns 12,737 shares of the financial services provider’s stock worth $137,000 after buying an additional 2,607 shares during the last quarter. Illumine Investment Management LLC bought a new stake in shares of BlackRock Enhanced Global Dividend Trust in the fourth quarter worth $140,000. Finally, Vivaldi Capital Management LP purchased a new stake in BlackRock Enhanced Global Dividend Trust during the fourth quarter valued at $149,000.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global 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. The fund seeks to invest in stocks of companies operating across diversified sectors.