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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 543,641 shares, an increase of 28.4% from the January 15th total of 423,424 shares. Based on an average daily volume of 435,240 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 435,240 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 1.6% in the 3rd quarter. Raymond James Financial Inc. now owns 4,044,382 shares of the investment management company’s stock worth $36,844,000 after buying an additional 63,639 shares during the period. Invesco Ltd. raised its stake in shares of BlackRock Enhanced Equity Dividend Trust by 3.1% during the 3rd quarter. Invesco Ltd. now owns 2,384,703 shares of the investment management company’s stock valued at $21,725,000 after purchasing an additional 71,953 shares during the period. Guggenheim Capital LLC boosted its stake in BlackRock Enhanced Equity Dividend Trust by 2.4% in the 2nd quarter. Guggenheim Capital LLC now owns 2,093,323 shares of the investment management company’s stock worth $18,610,000 after purchasing an additional 49,148 shares during the period. LPL Financial LLC boosted its stake in BlackRock Enhanced Equity Dividend Trust by 3.0% in the 4th quarter. LPL Financial LLC now owns 1,866,062 shares of the investment management company’s stock worth $17,690,000 after purchasing an additional 54,826 shares during the period. Finally, Stifel Financial Corp grew its holdings in BlackRock Enhanced Equity Dividend Trust by 1.8% during the 4th quarter. Stifel Financial Corp now owns 1,132,105 shares of the investment management company’s stock valued at $10,732,000 after buying an additional 20,177 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Price Performance

NYSE:BDJ traded down $0.05 during mid-day trading on Monday, reaching $9.49. 389,316 shares of the company’s stock were exchanged, compared to its average volume of 429,991. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.16 and a one year high of $9.76. The business’s fifty day simple moving average is $9.46 and its two-hundred day simple moving average is $9.16.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

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

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.