BlackRock Enhanced International Dividend Trust (NYSE:BGY) Sees Significant Increase in Short Interest

BlackRock Enhanced International Dividend Trust (NYSE:BGY) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 193,263 shares, an increase of 112.2% from the June 30th total of 91,082 shares. Based on an average daily trading volume, of 210,386 shares, the days-to-cover ratio is currently 0.9 days.

BlackRock Enhanced International Dividend Trust Stock Performance

Shares of BGY traded down $0.01 during mid-day trading on Tuesday, hitting $5.67. 381,798 shares of the company traded hands, compared to its average volume of 344,218. The business has a 50 day moving average of $5.72 and a 200 day moving average of $5.78. BlackRock Enhanced International Dividend Trust has a 1-year low of $5.19 and a 1-year high of $6.23.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.0426 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%.

Hedge Funds Weigh In On BlackRock Enhanced International Dividend Trust

Several large investors have recently made changes to their positions in BGY. Harbour Investments Inc. increased its stake in shares of BlackRock Enhanced International Dividend Trust by 95.1% in the 4th quarter. Harbour Investments Inc. now owns 8,965 shares of the investment management company’s stock valued at $53,000 after purchasing an additional 4,370 shares in the last quarter. Composition Wealth LLC purchased a new position in BlackRock Enhanced International Dividend Trust in the 4th quarter valued at $59,000. Captrust Financial Advisors purchased a new position in shares of BlackRock Enhanced International Dividend Trust in the second quarter worth about $61,000. Evolve Private Wealth LLC acquired a new position in shares of BlackRock Enhanced International Dividend Trust during the 4th quarter worth approximately $66,000. Finally, XTX Topco Ltd purchased a new stake in BlackRock Enhanced International Dividend Trust in the 2nd quarter valued at $67,000.

About BlackRock Enhanced International Dividend Trust

BlackRock Enhanced International Dividend Trust (NYSE: BGY) is a closed-end management investment company led by BlackRock Fund Advisors. The trust seeks to provide high current income and the potential for capital appreciation by investing primarily in equity securities of non-U.S. companies. It employs an enhanced dividend strategy, combining a focus on stocks that offer attractive dividend yields with derivative overlays such as covered call writing and foreign currency hedging to help manage risk and generate additional income.

The fund’s portfolio is diversified across developed international markets, including Europe, Asia-Pacific and other regions outside the United States.