BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Sees Large Increase in Short Interest

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 102,861 shares, an increase of 62.2% from the May 14th total of 63,416 shares. Based on an average trading volume of 110,657 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On BlackRock Enhanced Global Dividend Trust

Institutional investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. lifted its holdings in BlackRock Enhanced Global Dividend Trust by 12,792.3% during the fourth quarter. Harbour Investments Inc. now owns 5,028 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 4,989 shares during the last quarter. Webster Bank N. A. purchased a new stake in BlackRock Enhanced Global Dividend Trust during the fourth quarter valued at about $70,000. Jackson Grant Investment Advisers Inc. purchased a new stake in BlackRock Enhanced Global Dividend Trust during the third quarter valued at about $85,000. VSM Wealth Advisory LLC lifted its holdings in BlackRock Enhanced Global Dividend Trust by 436.9% during the third quarter. VSM Wealth Advisory LLC now owns 8,091 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 6,584 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in BlackRock Enhanced Global Dividend Trust during the third quarter valued at about $116,000.

BlackRock Enhanced Global Dividend Trust Stock Performance

BOE opened at $11.83 on Thursday. The firm has a 50-day moving average of $11.78 and a 200 day moving average of $11.70. BlackRock Enhanced Global Dividend Trust has a fifty-two week low of $10.59 and a fifty-two week high of $12.18.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The business 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 dividend of $0.0827 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 8.4%.

BlackRock Enhanced Global Dividend Trust Company Profile

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.