Short Interest in BlackRock Enhanced International Dividend Trust (NYSE:BGY) Declines By 8.8%

BlackRock Enhanced International Dividend Trust (NYSE:BGY) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 61,500 shares, a decrease of 8.8% from the August 15th total of 67,400 shares. Based on an average daily trading volume, of 153,700 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On BlackRock Enhanced International Dividend Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in BlackRock Enhanced International Dividend Trust by 10.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 135,245 shares of the investment management company’s stock worth $713,000 after purchasing an additional 13,175 shares during the period. Cornerstone Advisors LLC boosted its position in BlackRock Enhanced International Dividend Trust by 222.9% during the 4th quarter. Cornerstone Advisors LLC now owns 272,523 shares of the investment management company’s stock valued at $1,436,000 after buying an additional 188,115 shares during the period. City of London Investment Management Co. Ltd. boosted its position in BlackRock Enhanced International Dividend Trust by 383.0% during the 4th quarter. City of London Investment Management Co. Ltd. now owns 599,902 shares of the investment management company’s stock valued at $3,161,000 after buying an additional 475,702 shares during the period. Hilltop Holdings Inc. bought a new stake in BlackRock Enhanced International Dividend Trust in the 4th quarter worth $607,000. Finally, Weiss Asset Management LP purchased a new position in shares of BlackRock Enhanced International Dividend Trust in the fourth quarter valued at about $92,000.

BlackRock Enhanced International Dividend Trust Price Performance

Shares of BlackRock Enhanced International Dividend Trust stock traded down $0.05 during trading on Wednesday, reaching $5.66. The company’s stock had a trading volume of 203,000 shares, compared to its average volume of 185,253. BlackRock Enhanced International Dividend Trust has a 52-week low of $4.68 and a 52-week high of $5.82. The firm’s 50-day moving average is $5.62 and its two-hundred day moving average is $5.50.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.0338 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 7.17%.

BlackRock Enhanced International Dividend Trust Company Profile

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.