Short Interest in BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Rises By 401.1%

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 87,200 shares, an increase of 401.1% from the November 30th total of 17,400 shares. Based on an average daily volume of 157,300 shares, the short-interest ratio is presently 0.6 days.

BlackRock Enhanced Global Dividend Trust Stock Performance

NYSE:BOE traded down $0.17 on Friday, hitting $10.88. The stock had a trading volume of 104,318 shares, compared to its average volume of 157,722. The company has a fifty day moving average price of $11.19 and a two-hundred day moving average price of $11.00. BlackRock Enhanced Global Dividend Trust has a 1-year low of $9.77 and a 1-year high of $11.47.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were issued a $0.0827 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 9.12%. The ex-dividend date of this dividend was Monday, December 16th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates lifted its stake in shares of BlackRock Enhanced Global Dividend Trust by 1.5% in the 2nd quarter. Raymond James & Associates now owns 499,629 shares of the financial services provider’s stock valued at $5,301,000 after purchasing an additional 7,511 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in BlackRock Enhanced Global Dividend Trust by 239.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 282,135 shares of the financial services provider’s stock valued at $2,993,000 after buying an additional 199,101 shares during the last quarter. Private Advisor Group LLC boosted its stake in BlackRock Enhanced Global Dividend Trust by 3.3% during the second quarter. Private Advisor Group LLC now owns 79,215 shares of the financial services provider’s stock worth $840,000 after buying an additional 2,508 shares during the period. Choreo LLC purchased a new stake in shares of BlackRock Enhanced Global Dividend Trust in the 2nd quarter valued at approximately $458,000. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of BlackRock Enhanced Global Dividend Trust by 7.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 264,313 shares of the financial services provider’s stock worth $2,804,000 after acquiring an additional 18,740 shares during the last quarter.

BlackRock Enhanced Global Dividend Trust Company Profile

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.