BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Down 51.8% in March

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 193,944 shares, a decline of 51.8% from the February 26th total of 402,124 shares. Based on an average daily volume of 507,149 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Several large investors have recently modified their holdings of BDJ. Cerity Partners LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 2nd quarter worth approximately $3,451,000. Raymond James Financial Inc. raised its position in BlackRock Enhanced Equity Dividend Trust by 9.3% in the second quarter. Raymond James Financial Inc. now owns 3,980,743 shares of the investment management company’s stock valued at $35,389,000 after purchasing an additional 338,684 shares during the period. Guggenheim Capital LLC raised its position in BlackRock Enhanced Equity Dividend Trust by 11.4% in the fourth quarter. Guggenheim Capital LLC now owns 2,297,905 shares of the investment management company’s stock valued at $21,784,000 after purchasing an additional 234,887 shares during the period. Waterfront Wealth Inc. lifted its stake in BlackRock Enhanced Equity Dividend Trust by 32.6% during the third quarter. Waterfront Wealth Inc. now owns 915,733 shares of the investment management company’s stock worth $8,219,000 after purchasing an additional 225,076 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth $1,662,000.

BlackRock Enhanced Equity Dividend Trust Stock Down 1.5%

Shares of NYSE BDJ traded down $0.14 during midday trading on Thursday, reaching $8.67. 362,655 shares of the stock were exchanged, compared to its average volume of 424,972. The company has a 50 day simple moving average of $9.36 and a 200 day simple moving average of $9.22. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $7.16 and a twelve month high of $9.76.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0619 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 8.6%.

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.