BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Down 46.4% in August

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJGet Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 90,122 shares, a decline of 46.4% from the August 15th total of 168,136 shares. Based on an average daily volume of 386,883 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BlackRock Enhanced Equity Dividend Trust stock traded down $0.06 during mid-day trading on Tuesday, hitting $9.71. 644,726 shares of the company were exchanged, compared to its average volume of 469,155. The business’s 50 day simple moving average is $9.75 and its two-hundred day simple moving average is $9.36. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $8.42 and a 12-month high of $9.95.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a dividend of $0.0619 per share. The ex-dividend date is Friday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Several hedge funds and other institutional investors have recently bought and sold shares of BDJ. Western Wealth Management LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter worth $28,000. Global Assets Advisory LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the first quarter valued at $34,000. Axiom Investment Management LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the first quarter worth about $39,000. SHP Wealth Management acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth about $52,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the second quarter worth approximately $61,000.

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.

Further Reading

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