BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Sees Significant Increase in Short Interest

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 104,400 shares, a growth of 73.4% from the September 15th total of 60,200 shares. Based on an average daily volume of 533,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kovack Advisors Inc. raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 7.9% in the first quarter. Kovack Advisors Inc. now owns 17,428 shares of the investment management company’s stock worth $144,000 after acquiring an additional 1,280 shares during the period. Stolper Co raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 2.3% in the second quarter. Stolper Co now owns 62,260 shares of the investment management company’s stock worth $509,000 after acquiring an additional 1,398 shares during the period. CWM LLC raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 32.9% in the second quarter. CWM LLC now owns 8,333 shares of the investment management company’s stock worth $68,000 after acquiring an additional 2,065 shares during the period. International Assets Investment Management LLC raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 10.4% in the first quarter. International Assets Investment Management LLC now owns 22,515 shares of the investment management company’s stock worth $185,000 after acquiring an additional 2,119 shares during the period. Finally, Prairie Wealth Advisors Inc. raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 14.7% in the second quarter. Prairie Wealth Advisors Inc. now owns 16,800 shares of the investment management company’s stock worth $137,000 after acquiring an additional 2,150 shares during the period.

BlackRock Enhanced Equity Dividend Trust Trading Up 1.5 %

NYSE BDJ traded up $0.13 on Friday, reaching $8.81. 554,468 shares of the company’s stock traded hands, compared to its average volume of 493,688. The stock has a 50 day moving average price of $8.48 and a 200-day moving average price of $8.28. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $6.91 and a fifty-two week high of $8.81.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.0562 per share. The ex-dividend date is Friday, November 15th. This represents a $0.67 dividend on an annualized basis and a yield of 7.65%.

About BlackRock Enhanced Equity Dividend Trust

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.