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

BlackRock Enhanced Global Dividend Trust (NYSE:BOE – Get Rating) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 95,000 shares, an increase of 813.5% from the March 31st total of 10,400 shares. Based on an average daily trading volume, of 172,900 shares, the days-to-cover ratio is currently 0.5 days.

NYSE:BOE traded up $0.03 during trading hours on Wednesday, hitting $10.75. The company had a trading volume of 14,531 shares, compared to its average volume of 180,694. The company has a 50-day moving average of $11.14 and a 200 day moving average of $11.71. BlackRock Enhanced Global Dividend Trust has a 1 year low of $10.39 and a 1 year high of $12.82.

The business also recently announced a monthly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, April 14th will be issued a $0.063 dividend. This represents a $0.76 annualized dividend and a yield of 7.03%. The ex-dividend date of this dividend is Wednesday, April 13th.

A number of large investors have recently modified their holdings of BOE. Confluence Wealth Services Inc. acquired a new position in shares of BlackRock Enhanced Global Dividend Trust in the 4th quarter valued at $32,000. US Bancorp DE lifted its stake in shares of BlackRock Enhanced Global Dividend Trust by 116.1% in the 3rd quarter. US Bancorp DE now owns 6,333 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 3,402 shares during the last quarter. Creative Planning acquired a new position in shares of BlackRock Enhanced Global Dividend Trust in the 3rd quarter valued at $117,000. Cetera Advisor Networks LLC acquired a new position in BlackRock Enhanced Global Dividend Trust during the 3rd quarter worth about $120,000. Finally, Ground Swell Capital LLC acquired a new position in BlackRock Enhanced Global Dividend Trust during the 4th quarter worth about $130,000.

About BlackRock Enhanced Global Dividend Trust (Get Rating)

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.

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