BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Down 58.0% in May

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 25,036 shares, a decrease of 58.0% from the May 14th total of 59,607 shares. Based on an average daily trading volume, of 518,402 shares, the short-interest ratio is currently 0.0 days.

BlackRock Enhanced Equity Dividend Trust Stock Up 0.5%

Shares of BDJ traded up $0.05 during trading hours on Friday, reaching $9.35. 531,549 shares of the company traded hands, compared to its average volume of 468,855. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $8.42 and a 1-year high of $9.76. The stock’s fifty day moving average is $9.12 and its 200 day moving average is $9.24.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.0619 dividend. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. United Financial Planning Group LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the third quarter worth about $26,000. Harbor Investment Advisory LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the fourth quarter worth about $28,000. Western Wealth Management LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the first quarter worth about $28,000. Optima Capital LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the fourth quarter worth about $35,000. Finally, Global Wealth Strategies & Associates acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at $37,000.

About BlackRock Enhanced Equity Dividend Trust

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.