BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Up 28.4% in January

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 543,641 shares, a growth of 28.4% from the January 15th total of 423,424 shares. Based on an average daily volume of 435,240 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 435,240 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Large investors have recently modified their holdings of the stock. Cerity Partners LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the second quarter valued at $3,451,000. Shaker Financial Services LLC grew its holdings in BlackRock Enhanced Equity Dividend Trust by 128.1% during the 2nd quarter. Shaker Financial Services LLC now owns 627,929 shares of the investment management company’s stock worth $5,582,000 after acquiring an additional 352,617 shares during the last quarter. Raymond James Financial Inc. grew its holdings in BlackRock Enhanced Equity Dividend Trust by 9.3% during the 2nd quarter. Raymond James Financial Inc. now owns 3,980,743 shares of the investment management company’s stock worth $35,389,000 after acquiring an additional 338,684 shares during the last quarter. Guggenheim Capital LLC increased its position in BlackRock Enhanced Equity Dividend Trust by 11.4% in the 4th quarter. Guggenheim Capital LLC now owns 2,297,905 shares of the investment management company’s stock valued at $21,784,000 after acquiring an additional 234,887 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its stake in shares of BlackRock Enhanced Equity Dividend Trust by 32.6% in the third quarter. Waterfront Wealth Inc. now owns 915,733 shares of the investment management company’s stock worth $8,219,000 after acquiring an additional 225,076 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Up 0.3%

Shares of BDJ stock opened at $9.51 on Wednesday. The stock has a fifty day moving average price of $9.47 and a 200 day moving average price of $9.17. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.16 and a one year high of $9.76.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

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

About BlackRock Enhanced Equity Dividend Trust

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.