BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Shorted: Short Interest Up 61.6% in September

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 145,679 shares, an increase of 61.6% from the August 31st total of 90,122 shares. Based on an average daily volume of 433,782 shares, the short-interest ratio is currently 0.3 days.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BlackRock Enhanced Equity Dividend Trust stock traded up $0.04 during mid-day trading on Thursday, hitting $9.44. 649,295 shares of the stock were exchanged, compared to its average volume of 470,014. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $8.42 and a twelve month high of $9.95. The company has a 50-day simple moving average of $9.73 and a 200 day simple moving average of $9.38.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a dividend of $0.0619 per share. The ex-dividend date is Friday, December 11th. This represents a $0.74 dividend on an annualized basis and a yield of 7.9%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Western Wealth Management LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the first quarter valued at $28,000. Global Assets Advisory LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the first quarter worth about $34,000. Axiom Investment Management LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the first quarter worth about $39,000. SHP Wealth Management acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth about $52,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter worth about $61,000.

About BlackRock Enhanced Equity Dividend Trust

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end investment company managed by BlackRock Advisors, LLC. The fund seeks to provide current income and long-term capital appreciation by investing primarily in a diversified portfolio of equity securities, with an emphasis on companies that pay dividends.

BDJ uses an enhanced equity-income strategy that may include writing covered call options on selected portfolio holdings. This approach is intended to generate additional option-premium income while maintaining exposure to equity markets.