BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Short Interest Down 54.4% in January

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 14,748 shares, a decrease of 54.4% from the January 15th total of 32,315 shares. Based on an average daily trading volume, of 149,682 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 149,682 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On BlackRock Enhanced Global Dividend Trust

Institutional investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC grew its position in shares of BlackRock Enhanced Global Dividend Trust by 22.4% during the 2nd quarter. Guggenheim Capital LLC now owns 1,027,433 shares of the financial services provider’s stock worth $11,661,000 after buying an additional 187,790 shares during the period. Advisors Asset Management Inc. raised its stake in BlackRock Enhanced Global Dividend Trust by 23.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 858,422 shares of the financial services provider’s stock worth $9,932,000 after buying an additional 162,045 shares during the period. Invesco Ltd. boosted its holdings in BlackRock Enhanced Global Dividend Trust by 2.1% in the third quarter. Invesco Ltd. now owns 852,894 shares of the financial services provider’s stock worth $9,868,000 after acquiring an additional 17,432 shares in the last quarter. Raymond James Financial Inc. grew its stake in BlackRock Enhanced Global Dividend Trust by 1.6% in the third quarter. Raymond James Financial Inc. now owns 591,040 shares of the financial services provider’s stock valued at $6,838,000 after acquiring an additional 9,495 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in BlackRock Enhanced Global Dividend Trust by 24.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 325,848 shares of the financial services provider’s stock valued at $3,816,000 after acquiring an additional 63,243 shares during the period.

BlackRock Enhanced Global Dividend Trust Price Performance

BOE stock traded down $0.08 during midday trading on Thursday, hitting $12.03. The stock had a trading volume of 188,693 shares, compared to its average volume of 176,217. The business has a fifty day moving average price of $11.82 and a two-hundred day moving average price of $11.62. BlackRock Enhanced Global Dividend Trust has a 1-year low of $9.16 and a 1-year high of $12.18.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.0827 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 8.3%.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end management investment company designed to deliver a combination of high current income and capital appreciation. Listed on the New York Stock Exchange, the trust seeks to achieve its objective by investing primarily in a diversified portfolio of dividend-paying equity securities from companies around the world. To enhance income generation, BOE employs a systematic covered-call option writing strategy on a portion of its equity holdings.

The trust’s investment strategy emphasizes a global scope, allocating across developed and emerging market equities to capture dividend yields while managing geographic and sector risks.