Short Interest in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Expands By 40.6%

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 382,760 shares, an increase of 40.6% from the December 15th total of 272,286 shares. Based on an average daily volume of 525,861 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 525,861 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Institutional investors have recently added to or reduced their stakes in the business. United Financial Planning Group LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter valued at about $26,000. Harbor Investment Advisory LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth about $28,000. Pinnacle Bancorp Inc. purchased a new position in BlackRock Enhanced Equity Dividend Trust in the second quarter valued at about $30,000. Chung Wu Investment Group LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 2nd quarter valued at approximately $32,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth approximately $32,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BlackRock Enhanced Equity Dividend Trust stock opened at $9.51 on Monday. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.16 and a one year high of $9.62. The business has a 50-day simple moving average of $9.23 and a 200-day simple moving average of $9.06.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.0619 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Friday, March 13th.

BlackRock Enhanced Equity Dividend Trust Company Profile

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.