BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Down 44.9% in April

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 62,093 shares, a decrease of 44.9% from the April 15th total of 112,608 shares. Based on an average trading volume of 507,033 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BDJ. Cerity Partners LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at approximately $3,451,000. SOL Capital Management CO bought a new position in BlackRock Enhanced Equity Dividend Trust in the 1st quarter valued at approximately $3,168,000. Raymond James Financial Inc. lifted its stake in BlackRock Enhanced Equity Dividend Trust by 9.3% in the 2nd quarter. Raymond James Financial Inc. now owns 3,980,743 shares of the investment management company’s stock valued at $35,389,000 after purchasing an additional 338,684 shares during the last quarter. Guggenheim Capital LLC lifted its stake in BlackRock Enhanced Equity Dividend Trust by 11.4% in the 4th quarter. Guggenheim Capital LLC now owns 2,297,905 shares of the investment management company’s stock valued at $21,784,000 after purchasing an additional 234,887 shares during the last quarter. Finally, Waterfront Wealth Inc. lifted its stake in BlackRock Enhanced Equity Dividend Trust by 32.6% in the 3rd quarter. Waterfront Wealth Inc. now owns 915,733 shares of the investment management company’s stock valued at $8,219,000 after purchasing an additional 225,076 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BlackRock Enhanced Equity Dividend Trust stock traded up $0.04 on Monday, reaching $8.97. 586,895 shares of the stock were exchanged, compared to its average volume of 453,431. The firm’s 50 day moving average is $8.98 and its 200-day moving average is $9.21. BlackRock Enhanced Equity Dividend Trust has a one year low of $8.38 and a one year high of $9.76.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0619 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, June 15th.

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.