BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Update

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 445,957 shares, a decrease of 18.0% from the January 29th total of 543,641 shares. Based on an average daily volume of 398,337 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 398,337 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

A number of large investors have recently bought and sold shares of BDJ. Waterfront Wealth Inc. increased its stake in shares of BlackRock Enhanced Equity Dividend Trust by 32.6% in the third quarter. Waterfront Wealth Inc. now owns 915,733 shares of the investment management company’s stock worth $8,219,000 after acquiring an additional 225,076 shares during the period. Osaic Holdings Inc. lifted its position in BlackRock Enhanced Equity Dividend Trust by 15.6% during the second quarter. Osaic Holdings Inc. now owns 401,644 shares of the investment management company’s stock valued at $3,571,000 after purchasing an additional 54,324 shares during the period. Allworth Financial LP boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 3,319.6% in the second quarter. Allworth Financial LP now owns 45,276 shares of the investment management company’s stock valued at $403,000 after purchasing an additional 43,952 shares during the last quarter. Calamos Advisors LLC grew its position in BlackRock Enhanced Equity Dividend Trust by 121.9% during the 2nd quarter. Calamos Advisors LLC now owns 45,724 shares of the investment management company’s stock worth $406,000 after purchasing an additional 25,120 shares during the period. Finally, Sheets Smith Investment Management acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth about $724,000.

BlackRock Enhanced Equity Dividend Trust Trading Up 0.1%

Shares of NYSE:BDJ traded up $0.01 on Wednesday, hitting $9.55. 207,213 shares of the company were exchanged, compared to its average volume of 404,086. The stock’s 50 day moving average price is $9.53 and its 200 day moving average price is $9.23. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $7.16 and a 1-year high of $9.76.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.0619 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

About BlackRock Enhanced Equity Dividend Trust

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.