Short Interest in BlackRock Enhanced International Dividend Trust (NYSE:BGY) Drops By 66.1%

BlackRock Enhanced International Dividend Trust (NYSE:BGY) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 22,600 shares, a decrease of 66.1% from the January 31st total of 66,700 shares. Based on an average trading volume of 282,400 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of BlackRock Enhanced International Dividend Trust

Several hedge funds and other institutional investors have recently bought and sold shares of BGY. Saba Capital Management L.P. boosted its stake in shares of BlackRock Enhanced International Dividend Trust by 30.9% during the 4th quarter. Saba Capital Management L.P. now owns 2,356,882 shares of the investment management company’s stock worth $12,515,000 after purchasing an additional 556,770 shares during the period. Sit Investment Associates Inc. grew its holdings in shares of BlackRock Enhanced International Dividend Trust by 63.8% in the fourth quarter. Sit Investment Associates Inc. now owns 1,798,058 shares of the investment management company’s stock worth $9,548,000 after purchasing an additional 700,561 shares during the last quarter. Waterfront Wealth Inc. boosted its position in BlackRock Enhanced International Dividend Trust by 2.3% in the 4th quarter. Waterfront Wealth Inc. now owns 1,461,088 shares of the investment management company’s stock valued at $7,758,000 after buying an additional 32,568 shares during the period. Arete Wealth Advisors LLC grew its stake in BlackRock Enhanced International Dividend Trust by 77.8% in the 4th quarter. Arete Wealth Advisors LLC now owns 1,090,155 shares of the investment management company’s stock worth $5,794,000 after acquiring an additional 477,140 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of BlackRock Enhanced International Dividend Trust by 4.8% in the 4th quarter. Baird Financial Group Inc. now owns 801,055 shares of the investment management company’s stock worth $4,254,000 after buying an additional 36,333 shares during the period.

BlackRock Enhanced International Dividend Trust Stock Up 0.1 %

Shares of NYSE BGY traded up $0.01 during mid-day trading on Friday, hitting $5.64. 215,009 shares of the company’s stock traded hands, compared to its average volume of 218,509. BlackRock Enhanced International Dividend Trust has a 1 year low of $5.13 and a 1 year high of $5.83. The company’s 50-day moving average is $5.45 and its two-hundred day moving average is $5.57.

BlackRock Enhanced International Dividend Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.0426 per share. This represents a $0.51 annualized dividend and a dividend yield of 9.07%. The ex-dividend date of this dividend is Friday, February 14th.

About BlackRock Enhanced International Dividend Trust

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.