BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Sees Large Increase in Short Interest

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 137,200 shares, an increase of 8.1% from the October 15th total of 126,900 shares. Based on an average daily trading volume, of 154,700 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pinnacle Wealth Planning Services Inc. grew its position in BlackRock Enhanced Global Dividend Trust by 8.7% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 12,306 shares of the financial services provider’s stock worth $129,000 after buying an additional 982 shares in the last quarter. Integrated Capital Management Inc. boosted its holdings in BlackRock Enhanced Global Dividend Trust by 8.5% during the 2nd quarter. Integrated Capital Management Inc. now owns 19,780 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 1,546 shares during the period. Dakota Wealth Management boosted its holdings in BlackRock Enhanced Global Dividend Trust by 2.4% during the 2nd quarter. Dakota Wealth Management now owns 73,445 shares of the financial services provider’s stock valued at $779,000 after acquiring an additional 1,740 shares during the period. Raymond James & Associates boosted its holdings in BlackRock Enhanced Global Dividend Trust by 0.4% during the 3rd quarter. Raymond James & Associates now owns 501,473 shares of the financial services provider’s stock valued at $5,647,000 after acquiring an additional 1,844 shares during the period. Finally, Comerica Bank boosted its holdings in BlackRock Enhanced Global Dividend Trust by 2.9% during the 1st quarter. Comerica Bank now owns 81,090 shares of the financial services provider’s stock valued at $848,000 after acquiring an additional 2,256 shares during the period.

BlackRock Enhanced Global Dividend Trust Stock Performance

Shares of NYSE:BOE traded up $0.13 during midday trading on Monday, reaching $11.31. 135,339 shares of the company traded hands, compared to its average volume of 156,840. BlackRock Enhanced Global Dividend Trust has a 12 month low of $9.72 and a 12 month high of $11.47. The firm’s fifty day moving average price is $11.22 and its two-hundred day moving average price is $10.86.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.063 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.68%.

BlackRock Enhanced Global Dividend Trust Company Profile

BlackRock Enhanced Global 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. The fund seeks to invest in stocks of companies operating across diversified sectors.