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

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 63,200 shares, a drop of 40.6% from the February 28th total of 106,400 shares. Based on an average daily volume of 149,800 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On BlackRock Enhanced Global Dividend Trust

Several hedge funds and other institutional investors have recently bought and sold shares of BOE. HighTower Advisors LLC acquired a new stake in shares of BlackRock Enhanced Global Dividend Trust during the third quarter worth approximately $314,000. Oppenheimer & Co. Inc. grew its holdings in BlackRock Enhanced Global Dividend Trust by 15.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 22,712 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 2,979 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of BlackRock Enhanced Global Dividend Trust in the 4th quarter worth about $6,140,000. Private Advisor Group LLC raised its stake in shares of BlackRock Enhanced Global Dividend Trust by 22.5% in the 4th quarter. Private Advisor Group LLC now owns 95,651 shares of the financial services provider’s stock valued at $1,030,000 after purchasing an additional 17,585 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of BlackRock Enhanced Global Dividend Trust by 25.9% during the fourth quarter. Advisors Asset Management Inc. now owns 617,376 shares of the financial services provider’s stock worth $6,649,000 after purchasing an additional 126,963 shares during the last quarter.

BlackRock Enhanced Global Dividend Trust Stock Performance

BlackRock Enhanced Global Dividend Trust stock traded down $0.05 during midday trading on Friday, hitting $10.85. 206,627 shares of the stock were exchanged, compared to its average volume of 154,872. BlackRock Enhanced Global Dividend Trust has a 1 year low of $9.83 and a 1 year high of $11.47. The company has a 50 day moving average price of $11.17 and a two-hundred day moving average price of $11.16.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0827 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.99 dividend on an annualized basis and a yield of 9.15%.

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.