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

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 114,500 shares, a growth of 81.2% from the March 15th total of 63,200 shares. Based on an average trading volume of 161,100 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On BlackRock Enhanced Global Dividend Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOE. HighTower Advisors LLC acquired a new position in shares of BlackRock Enhanced Global Dividend Trust in the third quarter worth $314,000. Park Avenue Securities LLC increased its holdings in BlackRock Enhanced Global Dividend Trust by 2.1% during the 4th quarter. Park Avenue Securities LLC now owns 133,285 shares of the financial services provider’s stock worth $1,435,000 after purchasing an additional 2,692 shares during the period. Arkadios Wealth Advisors raised its position in BlackRock Enhanced Global Dividend Trust by 185.6% in the 4th quarter. Arkadios Wealth Advisors now owns 71,085 shares of the financial services provider’s stock valued at $766,000 after purchasing an additional 46,196 shares in the last quarter. Private Advisor Group LLC grew its position in shares of BlackRock Enhanced Global Dividend Trust by 22.5% during the fourth quarter. Private Advisor Group LLC now owns 95,651 shares of the financial services provider’s stock worth $1,030,000 after buying an additional 17,585 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of BlackRock Enhanced Global Dividend Trust during the fourth quarter worth approximately $239,000.

BlackRock Enhanced Global Dividend Trust Stock Performance

BOE traded down $0.05 during trading on Friday, reaching $10.18. 144,206 shares of the company’s stock were exchanged, compared to its average volume of 157,992. BlackRock Enhanced Global Dividend Trust has a 1 year low of $9.16 and a 1 year high of $11.47. The company’s fifty day simple moving average is $10.84 and its 200-day simple moving average is $11.06.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.0827 per share. This represents a $0.99 dividend on an annualized basis and a yield of 9.75%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.