BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Sees Significant Increase in Short Interest

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 146,600 shares, a growth of 181.9% from the December 31st total of 52,000 shares. Based on an average daily volume of 491,900 shares, the days-to-cover ratio is currently 0.3 days.

BlackRock Enhanced Equity Dividend Trust Trading Up 1.3 %

NYSE:BDJ traded up $0.12 during trading hours on Thursday, reaching $8.83. The company’s stock had a trading volume of 432,538 shares, compared to its average volume of 528,986. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.80 and a one year high of $9.07. The business’s 50-day moving average is $8.60 and its 200-day moving average is $8.56.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0619 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.74 dividend on an annualized basis and a yield of 8.42%. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

A number of institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at $43,000. JPMorgan Chase & Co. boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 1,203.3% during the third quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock valued at $48,000 after acquiring an additional 5,114 shares during the period. Arete Wealth Advisors LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter valued at about $98,000. Icon Wealth Advisors LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at approximately $118,000. Finally, Western Financial Corp CA acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth approximately $125,000.

BlackRock Enhanced Equity Dividend Trust Company Profile

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.