BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Sees Large Growth in Short Interest

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJGet Free Report) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 146,600 shares, an increase of 181.9% from the December 31st total of 52,000 shares. Based on an average daily trading volume, of 491,900 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 25.7% in the third quarter. HighTower Advisors LLC now owns 37,402 shares of the investment management company’s stock valued at $323,000 after acquiring an additional 7,638 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 79.9% in the fourth quarter. Park Avenue Securities LLC now owns 26,070 shares of the investment management company’s stock valued at $216,000 after buying an additional 11,575 shares during the period. International Assets Investment Management LLC boosted its stake in BlackRock Enhanced Equity Dividend Trust by 792.7% in the third quarter. International Assets Investment Management LLC now owns 341,764 shares of the investment management company’s stock valued at $29,560,000 after acquiring an additional 303,480 shares during the last quarter. Tyler Stone Wealth Management grew its holdings in BlackRock Enhanced Equity Dividend Trust by 93.9% during the 3rd quarter. Tyler Stone Wealth Management now owns 63,474 shares of the investment management company’s stock worth $549,000 after acquiring an additional 30,735 shares during the period. Finally, Sunbelt Securities Inc. raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 7.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 21,134 shares of the investment management company’s stock valued at $183,000 after acquiring an additional 1,440 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Up 1.3 %

Shares of BDJ traded up $0.12 during trading hours on Thursday, hitting $8.83. The stock had a trading volume of 432,538 shares, compared to its average volume of 528,986. The company’s fifty day moving average is $8.60 and its two-hundred day moving average is $8.56. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $7.80 and a 52 week high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0619 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.74 dividend on an annualized basis and a yield of 8.42%. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05.

About BlackRock Enhanced Equity Dividend Trust

(Get Free Report)

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.

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