BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Sees Significant Increase in Short Interest

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 106,400 shares, a growth of 134.4% from the February 13th total of 45,400 shares. Based on an average daily volume of 157,900 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On BlackRock Enhanced Global Dividend Trust

Several institutional investors have recently modified their holdings of BOE. Envestnet Asset Management Inc. grew its position in shares of BlackRock Enhanced Global Dividend Trust by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 116,750 shares of the financial services provider’s stock valued at $1,257,000 after purchasing an additional 1,658 shares during the period. Level Four Advisory Services LLC grew its position in shares of BlackRock Enhanced Global Dividend Trust by 25.7% in the 4th quarter. Level Four Advisory Services LLC now owns 12,737 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 2,607 shares during the period. Park Avenue Securities LLC grew its position in shares of BlackRock Enhanced Global Dividend Trust by 2.1% in the 4th quarter. Park Avenue Securities LLC now owns 133,285 shares of the financial services provider’s stock valued at $1,435,000 after purchasing an additional 2,692 shares during the period. Oppenheimer & Co. Inc. lifted its stake in BlackRock Enhanced Global Dividend Trust by 15.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 22,712 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 2,979 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its stake in BlackRock Enhanced Global Dividend Trust by 19.2% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 36,432 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 5,872 shares in the last quarter.

BlackRock Enhanced Global Dividend Trust Stock Performance

NYSE:BOE traded up $0.06 on Friday, hitting $10.87. 101,220 shares of the stock were exchanged, compared to its average volume of 155,648. BlackRock Enhanced Global Dividend Trust has a 52 week low of $9.83 and a 52 week high of $11.47. The company’s 50-day moving average price is $11.17 and its 200 day moving average price is $11.16.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.0827 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.99 annualized dividend and a yield of 9.13%.

BlackRock Enhanced Global Dividend Trust Company Profile

BlackRock Enhanced Global 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. The fund seeks to invest in stocks of companies operating across diversified sectors.