Short Interest in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Decreases By 44.9%

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 62,093 shares, a decrease of 44.9% from the April 15th total of 112,608 shares. Based on an average trading volume of 507,033 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. boosted its stake in BlackRock Enhanced Equity Dividend Trust by 1.6% during the 3rd quarter. Raymond James Financial Inc. now owns 4,044,382 shares of the investment management company’s stock valued at $36,844,000 after purchasing an additional 63,639 shares during the period. Invesco Ltd. boosted its stake in 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 11.4% during the 4th 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. LPL Financial LLC boosted its stake in BlackRock Enhanced Equity Dividend Trust by 3.0% during the 4th quarter. LPL Financial LLC now owns 1,866,062 shares of the investment management company’s stock valued at $17,690,000 after purchasing an additional 54,826 shares during the period. Finally, Stifel Financial Corp boosted its stake 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 purchasing an additional 20,177 shares during the period.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BDJ traded down $0.20 during trading hours on Friday, hitting $8.95. 641,942 shares of the company were exchanged, compared to its average volume of 451,995. The firm’s 50 day moving average is $8.99 and its 200-day moving average is $9.21. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $8.38 and a 52 week high of $9.76.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.0619 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 8.3%.

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.