BlackRock Enhanced International Dividend Trust (NYSE:BGY) Short Interest Update

BlackRock Enhanced International Dividend Trust (NYSE:BGY) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 100,600 shares, an increase of 172.6% from the July 15th total of 36,900 shares. Based on an average daily trading volume, of 179,400 shares, the short-interest ratio is currently 0.6 days.

BlackRock Enhanced International Dividend Trust Trading Up 0.7 %

BlackRock Enhanced International Dividend Trust stock traded up $0.04 during trading on Thursday, hitting $5.63. 67,909 shares of the company were exchanged, compared to its average volume of 190,357. The business’s 50 day moving average is $5.54 and its 200 day moving average is $5.44. BlackRock Enhanced International Dividend Trust has a 52 week low of $4.68 and a 52 week high of $5.70.

BlackRock Enhanced International Dividend Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a $0.034 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.41 annualized dividend and a dividend yield of 7.25%. This is an increase from BlackRock Enhanced International Dividend Trust’s previous monthly dividend of $0.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BGY. Raymond James Financial Services Advisors Inc. grew its stake in BlackRock Enhanced International Dividend Trust by 3.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 161,358 shares of the investment management company’s stock valued at $850,000 after purchasing an additional 5,434 shares during the period. International Assets Investment Management LLC purchased a new stake in BlackRock Enhanced International Dividend Trust during the fourth quarter worth about $2,580,000. CTC Alternative Strategies Ltd. bought a new stake in BlackRock Enhanced International Dividend Trust in the fourth quarter worth about $87,000. Waterfront Wealth Inc. boosted its stake in BlackRock Enhanced International Dividend Trust by 1.1% in the fourth quarter. Waterfront Wealth Inc. now owns 1,008,634 shares of the investment management company’s stock valued at $5,316,000 after acquiring an additional 11,126 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its stake in shares of BlackRock Enhanced International Dividend Trust by 2,648.9% during the 4th quarter. Wolverine Asset Management LLC now owns 221,563 shares of the investment management company’s stock worth $1,168,000 after purchasing an additional 213,503 shares during the last quarter.

BlackRock Enhanced International Dividend Trust Company Profile

BlackRock Enhanced International Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe excluding the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.