BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Update

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 90,122 shares, a decrease of 46.4% from the August 15th total of 168,136 shares. Based on an average trading volume of 386,883 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Several institutional investors and hedge funds have recently made changes to their positions in BDJ. Royal Bank of Canada lifted its stake in BlackRock Enhanced Equity Dividend Trust by 2.2% in the first quarter. Royal Bank of Canada now owns 873,561 shares of the investment management company’s stock valued at $7,529,000 after buying an additional 18,520 shares during the last quarter. Waterfront Wealth Inc. boosted its stake in BlackRock Enhanced Equity Dividend Trust by 7.6% during the 1st quarter. Waterfront Wealth Inc. now owns 837,658 shares of the investment management company’s stock worth $7,221,000 after purchasing an additional 59,268 shares during the period. UBS Group AG grew its position in BlackRock Enhanced Equity Dividend Trust by 9.9% during the 4th quarter. UBS Group AG now owns 700,242 shares of the investment management company’s stock worth $6,638,000 after purchasing an additional 62,974 shares during the last quarter. Bank of America Corp DE purchased a new position in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at $5,362,000. Finally, Boothe Investment Group Inc. boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 5.7% in the 1st quarter. Boothe Investment Group Inc. now owns 558,077 shares of the investment management company’s stock valued at $4,811,000 after purchasing an additional 30,111 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BlackRock Enhanced Equity Dividend Trust stock traded down $0.06 during mid-day trading on Tuesday, hitting $9.71. The company had a trading volume of 644,726 shares, compared to its average volume of 469,155. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $8.42 and a 1 year high of $9.95. The business has a fifty day moving average of $9.75 and a 200 day moving average of $9.36.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.0619 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) annualized dividend and a dividend yield of 7.7%.

BlackRock Enhanced Equity Dividend Trust Company Profile

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.