BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Update

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 78,800 shares, an increase of 8.4% from the March 15th total of 72,700 shares. Based on an average daily trading volume, of 549,200 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 35.4% during the 3rd quarter. Invesco Ltd. now owns 2,385,847 shares of the investment management company’s stock worth $18,156,000 after purchasing an additional 623,219 shares during the period. Saxon Interests Inc. purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth $682,000. CTC Alternative Strategies Ltd. purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth $139,000. D.A. Davidson & CO. lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 19.3% during the 3rd quarter. D.A. Davidson & CO. now owns 48,658 shares of the investment management company’s stock worth $370,000 after purchasing an additional 7,875 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth $223,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

BDJ stock traded up $0.04 on Wednesday, reaching $7.86. The company had a trading volume of 281,013 shares, compared to its average volume of 541,392. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $6.91 and a 1 year high of $8.57. The company’s fifty day moving average is $8.07 and its 200 day moving average is $7.78.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $0.056 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date is Friday, April 12th.

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.