BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Up 131.8% in October

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 220,200 shares, a growth of 131.8% from the October 15th total of 95,000 shares. Based on an average daily volume of 462,100 shares, the days-to-cover ratio is currently 0.5 days.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of NYSE BDJ traded up $0.14 during mid-day trading on Friday, reaching $9.02. 547,342 shares of the company were exchanged, compared to its average volume of 484,930. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $7.47 and a twelve month high of $9.03. The company’s 50-day simple moving average is $8.65 and its 200-day simple moving average is $8.40.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.0562 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date of this dividend is Friday, November 15th.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Several institutional investors and hedge funds have recently made changes to their positions in BDJ. Brown Brothers Harriman & Co. bought a new position in BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth $43,000. CWM LLC grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 32.9% during the 2nd quarter. CWM LLC now owns 8,333 shares of the investment management company’s stock worth $68,000 after purchasing an additional 2,065 shares in the last quarter. First Heartland Consultants Inc. acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 2nd quarter worth approximately $86,000. Spirepoint Private Client LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the first quarter worth approximately $87,000. Finally, Kapstone Financial Advisors LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the second quarter valued at approximately $89,000.

BlackRock Enhanced Equity Dividend Trust Company Profile

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.