Short Interest in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Decreases By 16.7%

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ – Get Rating) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 161,200 shares, a drop of 16.7% from the March 31st total of 193,600 shares. Based on an average daily volume of 570,700 shares, the days-to-cover ratio is currently 0.3 days.

Shares of NYSE:BDJ opened at $9.42 on Wednesday. The stock’s 50-day moving average is $9.60 and its 200 day moving average is $9.86. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $8.99 and a 1 year high of $10.69.

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 29th. Stockholders of record on Thursday, April 14th were given a $0.056 dividend. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.13%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 1.1% in the third quarter. Invesco Ltd. now owns 2,505,880 shares of the investment management company’s stock valued at $24,557,000 after acquiring an additional 26,962 shares in the last quarter. Ahrens Investment Partners LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth about $78,000. Penserra Capital Management LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at about $6,321,000. National Asset Management Inc. increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 10.5% during the third quarter. National Asset Management Inc. now owns 52,540 shares of the investment management company’s stock valued at $515,000 after buying an additional 4,998 shares during the period. Finally, Cetera Advisor Networks LLC raised its stake in BlackRock Enhanced Equity Dividend Trust by 28.6% in the third quarter. Cetera Advisor Networks LLC now owns 210,258 shares of the investment management company’s stock worth $2,061,000 after buying an additional 46,768 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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