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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totaling 144,696 shares, a decrease of 25.4% from the March 15th total of 193,944 shares. Based on an average daily trading volume, of 466,067 shares, the days-to-cover ratio is currently 0.3 days.

BlackRock Enhanced Equity Dividend Trust Price Performance

BDJ stock traded down $0.07 on Wednesday, reaching $9.15. The company had a trading volume of 670,411 shares, compared to its average volume of 440,121. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $7.76 and a 1 year high of $9.76. The company’s fifty day moving average is $9.17 and its 200 day moving average is $9.20.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0619 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 8.1%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BDJ. United Financial Planning Group LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at about $26,000. Harbor Investment Advisory LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at about $28,000. Atlantic Union Bankshares Corp bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the third quarter worth about $32,000. Optima Capital LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the fourth quarter worth about $35,000. Finally, Global Wealth Strategies & Associates bought a new stake in BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at about $37,000.

BlackRock Enhanced Equity Dividend Trust Company Profile

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.