BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Sees Significant Decline in Short Interest

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 277,700 shares, a decline of 16.4% from the February 13th total of 332,100 shares. Based on an average trading volume of 491,900 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC grew its holdings in BlackRock Enhanced Equity Dividend Trust by 1.5% during the 4th quarter. Ashton Thomas Securities LLC now owns 76,026 shares of the investment management company’s stock valued at $629,000 after buying an additional 1,150 shares in the last quarter. Tyler Stone Wealth Management boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 2.0% during the fourth quarter. Tyler Stone Wealth Management now owns 64,730 shares of the investment management company’s stock worth $536,000 after acquiring an additional 1,256 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 7.3% during the third quarter. Sunbelt Securities Inc. now owns 21,134 shares of the investment management company’s stock worth $183,000 after acquiring an additional 1,440 shares during the last quarter. Dakota Wealth Management boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 5.4% during the 4th quarter. Dakota Wealth Management now owns 34,007 shares of the investment management company’s stock valued at $282,000 after purchasing an additional 1,740 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 2.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 113,500 shares of the investment management company’s stock valued at $940,000 after purchasing an additional 2,859 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BDJ traded down $0.03 during mid-day trading on Thursday, reaching $8.66. The stock had a trading volume of 79,425 shares, compared to its average volume of 453,115. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $7.80 and a 12 month high of $9.07. The business has a fifty day moving average of $8.74 and a 200 day moving average of $8.67.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.0619 dividend. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 8.58%.

BlackRock Enhanced Equity Dividend Trust Company Profile

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.