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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 272,286 shares, an increase of 41.5% from the November 30th total of 192,455 shares. Based on an average trading volume of 418,622 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 418,622 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Concorde Asset Management LLC raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 36.3% in the first quarter. Concorde Asset Management LLC now owns 48,404 shares of the investment management company’s stock valued at $396,000 after buying an additional 12,891 shares during the last quarter. Transcend Capital Advisors LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the second quarter worth approximately $102,000. Osaic Holdings Inc. grew its stake in BlackRock Enhanced Equity Dividend Trust by 15.6% in the 2nd quarter. Osaic Holdings Inc. now owns 401,644 shares of the investment management company’s stock worth $3,571,000 after acquiring an additional 54,324 shares during the period. Claro Advisors LLC raised its holdings in BlackRock Enhanced Equity Dividend Trust by 100.8% in the 2nd quarter. Claro Advisors LLC now owns 49,011 shares of the investment management company’s stock valued at $436,000 after acquiring an additional 24,603 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in BlackRock Enhanced Equity Dividend Trust by 3,319.6% in the 2nd quarter. Allworth Financial LP now owns 45,276 shares of the investment management company’s stock valued at $403,000 after acquiring an additional 43,952 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.5%

BDJ stock traded down $0.05 during trading on Monday, reaching $9.28. The company had a trading volume of 420,885 shares, compared to its average volume of 426,363. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $7.16 and a twelve month high of $9.39. The firm has a 50-day simple moving average of $9.10 and a 200-day simple moving average of $8.98.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a $0.0619 dividend. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Monday, December 22nd.

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.