Short Interest in BlackRock Enhanced International Dividend Trust (NYSE:BGY) Decreases By 5.8%

BlackRock Enhanced International Dividend Trust (NYSE:BGY) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 53,200 shares, a decrease of 5.8% from the June 15th total of 56,500 shares. Based on an average daily volume of 193,100 shares, the days-to-cover ratio is currently 0.3 days.

BlackRock Enhanced International Dividend Trust Price Performance

Shares of BlackRock Enhanced International Dividend Trust stock traded down $0.06 on Wednesday, hitting $5.61. The company’s stock had a trading volume of 148,776 shares, compared to its average volume of 198,734. BlackRock Enhanced International Dividend Trust has a 52-week low of $4.68 and a 52-week high of $5.70. The firm has a fifty day moving average price of $5.53 and a 200-day moving average price of $5.40.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a dividend of $0.0338 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date is Monday, July 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. ORG Partners LLC acquired a new stake in BlackRock Enhanced International Dividend Trust during the 1st quarter worth approximately $40,000. Investment Partners Asset Management Inc. acquired a new stake in BlackRock Enhanced International Dividend Trust during the 4th quarter worth approximately $73,000. Nomura Holdings Inc. acquired a new stake in BlackRock Enhanced International Dividend Trust during the 4th quarter worth approximately $76,000. CTC Alternative Strategies Ltd. acquired a new stake in BlackRock Enhanced International Dividend Trust during the 4th quarter worth approximately $87,000. Finally, Weiss Asset Management LP acquired a new stake in BlackRock Enhanced International Dividend Trust in the fourth quarter valued at approximately $92,000.

About BlackRock Enhanced International Dividend Trust

BlackRock Enhanced International Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe excluding the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.