Short Interest in BlackRock Enhanced International Dividend Trust (NYSE:BGY) Expands By 112.2%

BlackRock Enhanced International Dividend Trust (NYSE:BGY) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 193,263 shares, a growth of 112.2% from the June 30th total of 91,082 shares. Based on an average trading volume of 210,386 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On BlackRock Enhanced International Dividend Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Benjamin Edwards Inc. increased its holdings in BlackRock Enhanced International Dividend Trust by 21.6% in the 4th quarter. Benjamin Edwards Inc. now owns 14,354 shares of the investment management company’s stock worth $84,000 after buying an additional 2,549 shares during the period. Cetera Investment Advisers lifted its stake in BlackRock Enhanced International Dividend Trust by 16.0% during the 1st quarter. Cetera Investment Advisers now owns 19,559 shares of the investment management company’s stock valued at $106,000 after acquiring an additional 2,696 shares during the period. Endeavor Private Wealth Inc. lifted its stake in BlackRock Enhanced International Dividend Trust by 9.1% during the 4th quarter. Endeavor Private Wealth Inc. now owns 38,449 shares of the investment management company’s stock valued at $226,000 after acquiring an additional 3,199 shares during the period. UBS Group AG boosted its holdings in shares of BlackRock Enhanced International Dividend Trust by 1.2% in the 3rd quarter. UBS Group AG now owns 365,958 shares of the investment management company’s stock valued at $2,104,000 after acquiring an additional 4,181 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of BlackRock Enhanced International Dividend Trust by 95.1% in the 4th quarter. Harbour Investments Inc. now owns 8,965 shares of the investment management company’s stock valued at $53,000 after acquiring an additional 4,370 shares during the last quarter.

BlackRock Enhanced International Dividend Trust Stock Performance

BGY traded down $0.04 on Wednesday, reaching $5.62. 237,010 shares of the stock were exchanged, compared to its average volume of 343,467. The company’s 50-day moving average price is $5.72 and its 200 day moving average price is $5.77. BlackRock Enhanced International Dividend Trust has a fifty-two week low of $5.19 and a fifty-two week high of $6.23.

BlackRock Enhanced International Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.0426 dividend. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Tuesday, September 15th.

BlackRock Enhanced International Dividend Trust Company Profile

BlackRock Enhanced International Dividend Trust (NYSE: BGY) is a closed-end management investment company led by BlackRock Fund Advisors. The trust seeks to provide high current income and the potential for capital appreciation by investing primarily in equity securities of non-U.S. companies. It employs an enhanced dividend strategy, combining a focus on stocks that offer attractive dividend yields with derivative overlays such as covered call writing and foreign currency hedging to help manage risk and generate additional income.

The fund’s portfolio is diversified across developed international markets, including Europe, Asia-Pacific and other regions outside the United States.