BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Sees Large Decline in Short Interest

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 90,122 shares, a decrease of 46.4% from the August 15th total of 168,136 shares. Based on an average daily volume of 386,883 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new position in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at about $5,362,000. SOL Capital Management CO acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter worth approximately $3,168,000. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 2nd quarter worth approximately $944,000. OMC Financial Services LTD purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 2nd quarter valued at approximately $637,000. Finally, UBS Group AG raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 9.9% during the 4th quarter. UBS Group AG now owns 700,242 shares of the investment management company’s stock valued at $6,638,000 after buying an additional 62,974 shares during the period.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ stock traded down $0.11 during mid-day trading on Wednesday, reaching $9.59. 475,920 shares of the company’s stock were exchanged, compared to its average volume of 469,193. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $8.42 and a 12-month high of $9.95. The stock’s 50 day moving average is $9.75 and its 200 day moving average is $9.36.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a dividend of $0.0619 per share. The ex-dividend date is Friday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

About BlackRock Enhanced Equity Dividend Trust

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.