BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Update

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJGet Rating) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 193,600 shares, an increase of 446.9% from the March 15th total of 35,400 shares. Based on an average daily volume of 618,800 shares, the days-to-cover ratio is presently 0.3 days.

NYSE:BDJ opened at $9.58 on Friday. BlackRock Enhanced Equity Dividend Trust has a one year low of $8.99 and a one year high of $10.69. The firm has a 50-day simple moving average of $9.68 and a 200-day simple moving average of $9.90.

The firm also recently declared a monthly dividend, which will be paid on Friday, April 29th. Stockholders of record on Thursday, April 14th will be issued a $0.056 dividend. The ex-dividend date is Wednesday, April 13th. This represents a $0.67 annualized dividend and a dividend yield of 7.01%.

Several large investors have recently bought and sold shares of BDJ. Penserra Capital Management LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth approximately $6,321,000. Morgan Stanley raised its stake in shares of BlackRock Enhanced Equity Dividend Trust by 9.3% during the 2nd quarter. Morgan Stanley now owns 3,013,884 shares of the investment management company’s stock worth $30,530,000 after acquiring an additional 257,470 shares in the last quarter. Shaker Financial Services LLC increased its stake in BlackRock Enhanced Equity Dividend Trust by 92.2% during the 3rd quarter. Shaker Financial Services LLC now owns 461,580 shares of the investment management company’s stock valued at $4,523,000 after purchasing an additional 221,467 shares in the last quarter. Invesco Ltd. increased its stake in BlackRock Enhanced Equity Dividend Trust by 7.6% during the 4th quarter. Invesco Ltd. now owns 2,696,316 shares of the investment management company’s stock valued at $27,179,000 after purchasing an additional 190,436 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in BlackRock Enhanced Equity Dividend Trust by 73.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 436,096 shares of the investment management company’s stock valued at $4,273,000 after purchasing an additional 184,360 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Company Profile (Get Rating)

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.

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