BlackRock Enhanced International Dividend Trust (NYSE:BGY) Short Interest Update

BlackRock Enhanced International Dividend Trust (NYSE:BGY) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 100,600 shares, an increase of 172.6% from the July 15th total of 36,900 shares. Based on an average trading volume of 179,400 shares, the short-interest ratio is presently 0.6 days.

BlackRock Enhanced International Dividend Trust Price Performance

BGY stock traded up $0.05 during trading on Thursday, reaching $5.64. 64,975 shares of the company traded hands, compared to its average volume of 190,339. BlackRock Enhanced International Dividend Trust has a 12 month low of $4.68 and a 12 month high of $5.70. The business has a 50 day simple moving average of $5.54 and a 200 day simple moving average of $5.44.

BlackRock Enhanced International Dividend Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a $0.034 dividend. This represents a $0.41 annualized dividend and a yield of 7.23%. This is an increase from BlackRock Enhanced International Dividend Trust’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Thursday, August 15th.

Institutional Trading of BlackRock Enhanced International Dividend Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. increased its position in BlackRock Enhanced International Dividend Trust by 3.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 161,358 shares of the investment management company’s stock valued at $850,000 after buying an additional 5,434 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of BlackRock Enhanced International Dividend Trust in the 4th quarter valued at approximately $2,580,000. CTC Alternative Strategies Ltd. acquired a new stake in BlackRock Enhanced International Dividend Trust in the 4th quarter worth approximately $87,000. Waterfront Wealth Inc. increased its position in shares of BlackRock Enhanced International Dividend Trust by 1.1% in the 4th quarter. Waterfront Wealth Inc. now owns 1,008,634 shares of the investment management company’s stock valued at $5,316,000 after acquiring an additional 11,126 shares during the period. Finally, Wolverine Asset Management LLC raised its stake in BlackRock Enhanced International Dividend Trust by 2,648.9% in the 4th quarter. Wolverine Asset Management LLC now owns 221,563 shares of the investment management company’s stock worth $1,168,000 after acquiring an additional 213,503 shares during the last quarter.

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.