BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Down 58.0% in May

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 25,036 shares, a decrease of 58.0% from the May 14th total of 59,607 shares. Based on an average daily volume of 518,402 shares, the short-interest ratio is currently 0.0 days.

BlackRock Enhanced Equity Dividend Trust Stock Up 1.3%

Shares of BlackRock Enhanced Equity Dividend Trust stock opened at $9.30 on Friday. BlackRock Enhanced Equity Dividend Trust has a 52-week low of $8.42 and a 52-week high of $9.76. The company has a fifty day moving average of $9.11 and a 200-day moving average of $9.24.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0619 per share. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BDJ. Franklin Resources Inc. raised its holdings in BlackRock Enhanced Equity Dividend Trust by 11.4% during the 2nd quarter. Franklin Resources Inc. now owns 12,493 shares of the investment management company’s stock valued at $111,000 after buying an additional 1,281 shares during the last quarter. Invesco Ltd. raised its holdings in BlackRock Enhanced Equity Dividend Trust by 5.6% during the 2nd quarter. Invesco Ltd. now owns 2,312,750 shares of the investment management company’s stock valued at $20,560,000 after buying an additional 122,923 shares during the last quarter. Walleye Capital LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust during the 2nd quarter valued at $226,000. Cerity Partners LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust during the 2nd quarter valued at $3,451,000. Finally, NewEdge Advisors LLC raised its holdings in BlackRock Enhanced Equity Dividend Trust by 11.3% during the 2nd quarter. NewEdge Advisors LLC now owns 44,694 shares of the investment management company’s stock valued at $397,000 after buying an additional 4,538 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Company Profile

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.