BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Sees Significant Increase in Short Interest

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 382,760 shares, a growth of 40.6% from the December 15th total of 272,286 shares. Based on an average daily volume of 525,861 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 525,861 shares, the short-interest ratio is presently 0.7 days.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ traded up $0.03 during trading hours on Friday, hitting $9.51. 311,023 shares of the company’s stock were exchanged, compared to its average volume of 443,257. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $7.16 and a 1-year high of $9.62. The stock’s 50-day moving average is $9.23 and its two-hundred day moving average is $9.06.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.0619 dividend. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Friday, March 13th.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Several large investors have recently made changes to their positions in the stock. United Financial Planning Group LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter worth $26,000. Harbor Investment Advisory LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at about $28,000. Pinnacle Bancorp Inc. acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at about $30,000. Atlantic Union Bankshares Corp bought a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter worth about $32,000. Finally, Chung Wu Investment Group LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust during the second quarter worth approximately $32,000.

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.