Short Interest in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Increases By 8.4%

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 78,800 shares, a growth of 8.4% from the March 15th total of 72,700 shares. Based on an average daily volume of 549,200 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Hedge funds have recently made changes to their positions in the business. Cowa LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the 1st quarter valued at $25,000. Tower Research Capital LLC TRC acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the first quarter worth approximately $26,000. Creekmur Asset Management LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth approximately $34,000. L.M. Kohn & Company purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter worth approximately $76,000. Finally, Moneta Group Investment Advisors LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at $77,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BlackRock Enhanced Equity Dividend Trust stock traded up $0.04 on Wednesday, reaching $7.86. 256,608 shares of the company were exchanged, compared to its average volume of 540,904. The stock’s 50 day moving average price is $8.07 and its 200-day moving average price is $7.78. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $6.91 and a 1-year high of $8.57.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a $0.056 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.55%.

BlackRock Enhanced Equity Dividend Trust Company Profile

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.