BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Short Interest Down 21.9% in January

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 32,315 shares, a decrease of 21.9% from the December 31st total of 41,396 shares. Based on an average daily volume of 220,924 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 220,924 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Webster Bank N. A. acquired a new stake in shares of BlackRock Enhanced Global Dividend Trust during the 4th quarter valued at about $70,000. Allworth Financial LP acquired a new stake in BlackRock Enhanced Global Dividend Trust during the 2nd quarter valued at $74,000. Jackson Grant Investment Advisers Inc. bought a new position in shares of BlackRock Enhanced Global Dividend Trust in the third quarter valued at about $85,000. VSM Wealth Advisory LLC lifted its position in shares of BlackRock Enhanced Global Dividend Trust by 436.9% during the third quarter. VSM Wealth Advisory LLC now owns 8,091 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 6,584 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in BlackRock Enhanced Global Dividend Trust during the 3rd quarter worth $116,000.

BlackRock Enhanced Global Dividend Trust Stock Performance

Shares of BlackRock Enhanced Global Dividend Trust stock remained flat at $11.89 during midday trading on Friday. 116,733 shares of the stock traded hands, compared to its average volume of 185,257. BlackRock Enhanced Global Dividend Trust has a twelve month low of $9.16 and a twelve month high of $12.06. The company’s fifty day moving average price is $11.75 and its 200 day moving average price is $11.59.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.0827 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 8.3%.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end management investment company designed to deliver a combination of high current income and capital appreciation. Listed on the New York Stock Exchange, the trust seeks to achieve its objective by investing primarily in a diversified portfolio of dividend-paying equity securities from companies around the world. To enhance income generation, BOE employs a systematic covered-call option writing strategy on a portion of its equity holdings.

The trust’s investment strategy emphasizes a global scope, allocating across developed and emerging market equities to capture dividend yields while managing geographic and sector risks.