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

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 332,100 shares, a growth of 34.1% from the January 31st total of 247,600 shares. Based on an average trading volume of 491,700 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Several large investors have recently modified their holdings of the stock. Shufro Rose & Co. LLC boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 9.7% in the 4th quarter. Shufro Rose & Co. LLC now owns 33,862 shares of the investment management company’s stock worth $280,000 after acquiring an additional 3,000 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth approximately $74,000. Elequin Capital LP acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth approximately $180,000. Waverly Advisors LLC boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 653.5% in the 4th quarter. Waverly Advisors LLC now owns 115,274 shares of the investment management company’s stock worth $954,000 after acquiring an additional 99,976 shares in the last quarter. Finally, K2 Principal Fund L.P. acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth approximately $232,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BDJ opened at $8.87 on Tuesday. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.80 and a 12-month high of $9.07. The stock’s 50-day moving average price is $8.67 and its 200 day moving average price is $8.66.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.0619 dividend. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 annualized dividend and a dividend yield of 8.37%. The ex-dividend date of this dividend was Friday, February 14th.

About BlackRock Enhanced Equity Dividend Trust

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.