Short Interest in BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Drops By 21.9%

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 32,315 shares, a decline of 21.9% from the December 31st total of 41,396 shares. Based on an average daily trading volume, of 220,924 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 220,924 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

Institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC grew its stake in shares of BlackRock Enhanced Global Dividend Trust by 22.4% in the 2nd quarter. Guggenheim Capital LLC now owns 1,027,433 shares of the financial services provider’s stock worth $11,661,000 after purchasing an additional 187,790 shares during the last quarter. Advisors Asset Management Inc. grew its position in BlackRock Enhanced Global Dividend Trust by 23.3% during the third quarter. Advisors Asset Management Inc. now owns 858,422 shares of the financial services provider’s stock valued at $9,932,000 after purchasing an additional 162,045 shares in the last quarter. Invesco Ltd. increased its stake in shares of BlackRock Enhanced Global Dividend Trust by 2.1% in the third quarter. Invesco Ltd. now owns 852,894 shares of the financial services provider’s stock worth $9,868,000 after acquiring an additional 17,432 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of BlackRock Enhanced Global Dividend Trust by 1.6% during the 3rd quarter. Raymond James Financial Inc. now owns 591,040 shares of the financial services provider’s stock worth $6,838,000 after purchasing an additional 9,495 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in BlackRock Enhanced Global Dividend Trust by 24.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 325,848 shares of the financial services provider’s stock valued at $3,816,000 after acquiring an additional 63,243 shares during the last quarter.

BlackRock Enhanced Global Dividend Trust Stock Performance

BOE stock remained flat at $11.89 during trading on Friday. The company’s stock had a trading volume of 116,733 shares, compared to its average volume of 185,257. BlackRock Enhanced Global Dividend Trust has a one year low of $9.16 and a one year high of $12.06. The company has a fifty day simple moving average of $11.75 and a two-hundred day simple moving average of $11.59.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.0827 dividend. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Friday, March 13th.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end management investment company designed to deliver a combination of high current income and capital appreciation. Listed on the New York Stock Exchange, the trust seeks to achieve its objective by investing primarily in a diversified portfolio of dividend-paying equity securities from companies around the world. To enhance income generation, BOE employs a systematic covered-call option writing strategy on a portion of its equity holdings.

The trust’s investment strategy emphasizes a global scope, allocating across developed and emerging market equities to capture dividend yields while managing geographic and sector risks.