BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Short Interest Down 32.4% in February

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 32,401 shares, a decrease of 32.4% from the February 12th total of 47,921 shares. Based on an average daily volume of 128,976 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 128,976 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On BlackRock Enhanced Global Dividend Trust

A number of institutional investors have recently bought and sold shares of BOE. Allworth Financial LP bought a new stake in BlackRock Enhanced Global Dividend Trust during the second quarter valued at about $74,000. Cetera Investment Advisers lifted its position in shares of BlackRock Enhanced Global Dividend Trust by 7.7% during the 2nd quarter. Cetera Investment Advisers now owns 32,670 shares of the financial services provider’s stock valued at $371,000 after buying an additional 2,340 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of BlackRock Enhanced Global Dividend Trust by 5.6% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 60,380 shares of the financial services provider’s stock valued at $685,000 after buying an additional 3,185 shares in the last quarter. AlphaCore Capital LLC grew its stake in shares of BlackRock Enhanced Global Dividend Trust by 53.7% during the 2nd quarter. AlphaCore Capital LLC now owns 75,100 shares of the financial services provider’s stock valued at $852,000 after acquiring an additional 26,237 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in BlackRock Enhanced Global Dividend Trust by 9.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 33,955 shares of the financial services provider’s stock worth $385,000 after acquiring an additional 2,900 shares in the last quarter.

BlackRock Enhanced Global Dividend Trust Stock Performance

Shares of BOE traded down $0.17 on Friday, reaching $11.14. The company’s stock had a trading volume of 97,102 shares, compared to its average volume of 174,923. The stock’s 50 day simple moving average is $11.84 and its two-hundred day simple moving average is $11.67. BlackRock Enhanced Global Dividend Trust has a 12-month low of $9.16 and a 12-month high of $12.18.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.0827 per share. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Monday, June 15th.

BlackRock Enhanced Global Dividend Trust Company Profile

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end management investment company designed to deliver a combination of high current income and capital appreciation. Listed on the New York Stock Exchange, the trust seeks to achieve its objective by investing primarily in a diversified portfolio of dividend-paying equity securities from companies around the world. To enhance income generation, BOE employs a systematic covered-call option writing strategy on a portion of its equity holdings.

The trust’s investment strategy emphasizes a global scope, allocating across developed and emerging market equities to capture dividend yields while managing geographic and sector risks.