BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Up 240.5% in June

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 85,249 shares, an increase of 240.5% from the May 31st total of 25,036 shares. Based on an average trading volume of 562,294 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.3%

Shares of NYSE BDJ opened at $9.39 on Friday. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $8.42 and a 1-year high of $9.76. The company has a 50-day moving average of $9.19 and a two-hundred day moving average of $9.25.

Get BlackRock Enhanced Equity Dividend Trust alerts:

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.0619 dividend. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Several hedge funds and other institutional investors have recently modified their holdings of BDJ. Franklin Resources Inc. boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 11.4% in the second quarter. Franklin Resources Inc. now owns 12,493 shares of the investment management company’s stock valued at $111,000 after acquiring an additional 1,281 shares during the period. Invesco Ltd. increased its stake in shares of BlackRock Enhanced Equity Dividend Trust by 5.6% in the 2nd quarter. Invesco Ltd. now owns 2,312,750 shares of the investment management company’s stock valued at $20,560,000 after purchasing an additional 122,923 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 2nd quarter worth $226,000. Cerity Partners LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust during the second quarter worth about $3,451,000. Finally, NewEdge Advisors LLC raised its holdings in BlackRock Enhanced Equity Dividend Trust by 11.3% in the 2nd quarter. NewEdge Advisors LLC now owns 44,694 shares of the investment management company’s stock valued at $397,000 after buying an additional 4,538 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Company Profile

(Get Free Report)

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.

Featured Stories

• Five stocks we like better than BlackRock Enhanced Equity Dividend Trust
• Costco’s Secret Growth Engine May Be Running Out of Gas
• Why Alphabet’s Pullback May Be an Opportunity in Disguise
• Capri’s Turnaround Is Taking Shape, But Is the Stock a Buy Yet?
• SpaceX Has Real Value—But These 3 Stocks Have Better Odds Right Now

Receive News & Ratings for BlackRock Enhanced Equity Dividend Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Enhanced Equity Dividend Trust and related companies with MarketBeat.com's FREE daily email newsletter.